The new offshore group, which covers firms from 12 countries including Mauritius, Switzerland, Malta, Cyprus and Jersey, will pool intelligence and information and develop business between each other, as well as providing a dedicated central resource for the wider network.
The chairman of the new group will be BW Oakfield managing director Stewart Davies, who said: “This initiative mirrors a number of similar groups within the network, mainly dedicated towards accounting, audit and tax. This brings together a number of firms engaged in similar services to BWO, under one umbrella, for their mutual benefit, and for the wider benefit of the Network.”
Kreston International, a global network of independent accounting practices with more than 600 firms in 98 countries, has also just signed up a South African accountancy firm Nkonki, with 23 partners headquartered in Johannesburg.
BW Oakfield Group is licensed by the Isle of Man Financial Supervision as a trust and corporate service provider, including a specialist pensions division.
