A new private client, corporate services and fund administration group has launched.

Oak comprises three existing businesses - Oak Trust Group, Consortia and Kreston IOM - which between them have offices in Guernsey, the Isle of Man, Jersey, Malta and Mauritius.

Oak Trust Group based in Guernsey, Malta and Mauritius was founded in 1999 as a niche provider with strong South African connections and a focus on long-term client relationships.

Consortia, which was established in 2004, is a Jersey-based trust company providing tailored fiduciary, fund and corporate services to clients across the globe.

For...