Dominion, one of the largest privately owned independent Trust Company’s with over 100 staff based in Geneva, Jersey, London, New York and Malta is delighted to announce the acquisition of OAK International Fiduciary SA. The Trust Company acquired by Dominion formerly comprised both the Swiss Trust Companies of the Royal Bank of Canada and Coutts the UK Private Bank.
This deal cements Dominion as a major player in the Private Client market in the International Fiduciary Business Sector. It is Dominion’s second acquisition in 10 months, following the purchase of WPS, Mirabaud’s former Trust Company, in December 2015. Mirabaud is also a large Swiss Financial Institution that can trace its roots back to 1819.
Dominion’s latest acquisition is accompanied by several new senior appointments including Jim Cassidy who is heading up the firm’s New York operations that covers both North and South America and Jon Jennings who has been appointed to the role of Group CEO. Ben Cooke, Dominion’s Founder and majority shareholder will take up the role of Chairman. Dominion is in the process of opening other offices in Asia as the firm expands both East and West from its core operations in Europe.