The board of Oak Group has announced the appointment of Graham McCormack as chief executive officer (CEO) with immediate effect.

McCormack has been acting CEO since former CEO Stuart Platt-Ransom left the role. Previously, he had been chief operating officer at the group.

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His career at Oak Group began as finance director of Oak Trust and served as Oak’s CFO following the acquisition of the Oak Trust Group in 2018.

Oak Group chairman Mark Chasey said: “We are delighted that Graham has stepped up to the role of CEO at an exciting time for Oak Group. The Group is well-positioned in the market to grow across a number of territories and we have expanded and strengthened many of our teams in the past year.”

McCormack added: “It is an honour and a privilege to take the helm of this great Group. I have a top team behind me as we look forward to offering our valued clients an even better and more comprehensive service over the coming years.”

In March, Oak Trust Guernsey Limited (OTGL), part of Oak Group, hired Chris Sharman as its private wealth director.

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Sharman’s role is to help manage client relationships, mainly in the commercial real estate sector. He, with over 25 years experience in the fiduciary sector, will report to Paul Schreibke, OTGL’s managing director.

Sharman joins the firm from Intertrust Guernsey where he had been a director for 17 years. In addition, he was on the management board for seven years and head of private wealth and corporate services departments for five of those years.

For more on Oak Group, click here.