Guernsey-headquartered Oak Group and Jersey-based Fairway Group are planning to merge, the firms have announced.

Fairway Group is an owner-managed fiduciary business with over 100 employees offering trust, corporate, fund administration and pension services in Jersey.

Oak, a private client, corporate services and fund administration business, launched in March this year. The group has offices in Guernsey, the Isle of Man, Jersey, Luxembourg, Malta and Mauritius with more than 200 employees.

At the...