Oak, a new private client, corporate services and fund administration group, has acquired International Administration Group (IAG). Financial terms were not disclosed. IAG is a specialist fund administration business headquartered in Guernsey with a team of 43 people. IAG delivers bespoke fund administration and depositary services to private equity, open-ended, listed and alternative asset fund structures and will become the centre of fund expertise within the Oak business. The acquisition of IAG with its established expertise and reputation in the provision of fund administration services will significantly enhance Oak’s multi-jurisdictional, high-quality fund services offering. “Our aim is to deliver financial solutions that exceed the expectations of our institutional and private clients worldwide. We build long-lasting relationships with our clients and intermediaries and director-led service delivery is customary, ensuring clients always receive a quality, personal and cost-effective service. Our people-led approach is shared by IAG which makes this new development a great fit for everyone involved." Stuart Platt-Ransom, Oak CEO.