In 2013, Fiducenter and Oak Group (“Oak”) (formerly International Administration Group, “IAG”) entered into a joint venture (“JV”) in Luxembourg. Oak is a fund administration, depositary, private client and corporate service business headquartered in Guernsey with offices in the Isle of Man, Jersey, Luxembourg, Malta and Mauritius.
The signing of the JV agreement allowed us to utilise our existing expertise alongside the private equity fund administration knowledge and systems of Oak.
The JV continued Oak’s international expansion by establishing a presence and local expertise in key jurisdictions for fund administration and corporate services. The JV trades under the name of “Oak Group (Luxembourg) S.à r.l.”.
Christophe Dermine, Director, said “This joint venture was a natural addition to Fiducenter’s business model and our efforts to promote Luxembourg fund services to all markets. The JV enables our clients to receive a fully co-ordinated service solution for corporate services, asset management and fund services across all jurisdictions and asset classes in which both Fiducenter and Oak are based, whilst maintaining the standards of excellence that are the hallmark of Fiducenter and Oak.“
About Oak Group (« Oak »)
Headquartered in Guernsey, with clients in more than 50 countries and over GBP20 billion of assets under administration, Oak Group is the new offshore financial powerhouse bringing together Oak Trust Group, Consortia Partnership, Kreston IOM and International Administration Group.
The Oak team comprises over 200 employees, with qualifications in a wide range of disciplines including accountancy, law, company secretarial, technology, trust and estate planning, compliance and investments.
For more information on Oak, please visit www.oak.group
For more information, please contact:
Mr Christophe Dermine
Oak Group (Luxembourg) S.à r.l.
Tel : +352 27 33 88 33
Mr Mark Woodall
Oak Fund Services (Guernsey) Limited
Tel: +44(0) 1481 737911