Oak Group has appointed James Tracey as managing director of its funds business in Guernsey, subject to regulatory approval.
In his new role, Tracey will be responsible for Oak Fund Services, the group’s funds business that provides bespoke fund administration services to private equity, open-ended, listed and alternative asset fund structures.
Tracey previously served as managing director at JTC Group, where he was responsible for all of JTC’s business divisions and operations in Guernsey, including product structuring, client relationships, business development and business strategy.
Other roles held at JTC Group include senior client director and director of client relationships and fund administration.
Tracey also previously served as director of Kleinwort Benson (Channel Islands) Fund Services and director of fund services and head of fund administration at Close Asset Management, respectively.
Commenting on the appointment, Graham McCormack, CEO of Oak Group, says: “James’ appointment comes at a pivotal moment for Oak’s growth strategy, and his significant amount of experience in the global alternative funds space makes him a valuable addition to our senior team.
“With his excellent track record in the industry and his proven leadership qualities, we look forward to James leading the funds team in Guernsey and further developing our offering, while ensuring that we continue to offer the highest quality service to our clients.”
Tracey adds: “I am delighted to join an ambitious forward-thinking team at Oak and am particularly proud to be part of a purpose-led business that prioritises ESG values. I am excited by this new role and look forward to supporting the firm’s ongoing growth plans.”
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