Throughout Oak’s journey, Mark has demonstrated exceptional leadership, strategic vision, and unwavering commitment to excellent client service. Under his guidance, Oak Group has achieved numerous milestones, including a transformative new ownership structure.
In December, Oak Group underwent a significant transition when it was acquired by Opera Limited. Notably, the major investor is Pula, the family office of Stephen Lansdown, who is renowned as the co-founder of Hargreaves Lansdown, the U.K.'s largest stockbroking firm and a member of the FTSE 250. While Mark relinquished his role as Chairman in May, he continues to have an interest in Opera Limited and will sit on the Opera Advisory Panel alongside Steve Lansdown.
Reflecting on his remarkable journey, Mark expressed gratitude for the opportunity to establish Oak Group and thanked the Oak team, clients and partners for their dedication and support. He shared,
"It has been an incredible journey building Oak from the ground up. I am immensely proud of what we have accomplished together and am confident that the company is well-positioned for continued success in the future."
As Oak Group celebrates its 25th anniversary, it stands as a testament to Mark with a presence across four jurisdictions and a team of over 200 talented professionals, managing approximately £19 billion worth of assets under administration.
Mark continued,
“We pride ourselves on being a 'big, small company' —retaining the agility and personal touch of a smaller firm while wielding the capabilities and influence of a larger organisation. We have got clear ambition, and we are poised for thoughtful growth. I'd like to thank all our staff, our clients, and our intermediary partners. You've all been instrumental in our story and I'm extremely excited about the future for Oak.”
Oak Group welcomed Kim Sgarlata as Chief Executive Officer in September. Kim brings a wealth of experience and a proven track record of success in financial services. As the new CEO, Kim is ready to lead Oak Group into its next phase of growth and innovation. Kim expressed enthusiasm for the opportunity to build upon the foundation laid by Mark and lead Oak Group into an exciting new chapter.
"I am honoured to continue the legacy of excellence established by Mark. I would like to personally thank him for his friendship, guidance, and leadership. Together with our talented team, we will drive innovation, foster growth, and deliver value to our clients and stakeholders. Ensuring that our legacy of success endures for years to come."