Company takes lead in new global group

Stewart Davies

Stewart Davies

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ONE of the island’s leading independent providers of trust, fiduciary and corporate services is playing a major role in a new global umbrella group of companies with many employees.

BW Oakfield (BWO), has announced the establishment of the Kreston Offshore Special Interest Group.

It will link Kreston Internationals network of firms engaged in the provision of fiduciary services.

BWO’s managing director, Stewart Davies, will chair the Group on behalf of the international network.

The group includes firms from 12 countries, including Mauritius, Switzerland, Malta, Cyprus and Jersey. It is intended the new group will pool intelligence and information and develop business between each other, as well as providing a dedicated central resource for the wider network.

Speaking from BWO’s offices at Millennium House, Victoria Road, Douglas, Mr Davies 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.’

The launch of the group comes immediately after Kreston International admits Nkonki Inc., of South Africa. Established in 1993, Nkonki is a 23 partner firm with more than 300 professional and support staff, headquartered in the central business hub of Sandton, Johannesburg with further offices in Cape Town, Durban and East London.

Accredited by the Johannesburg Stock Exchange, Nkonki acts for quoted, private, state owned and public sector entities across a broad industry sector range including telecommunications, national transport, financial services, asset management, medical aid and education.

Jon Lisby, Kreston chief executive officer said: ‘Nkonki is a progressive, leading national firm and is recognised for its role in supporting the development of the South African accounting profession through an on-going programme of conferences, seminars and technical publications. The annual Nkonki Integrated Reporting Awards is an outstanding example and provides an analysis on compliance by the Top100 companies, together representing 85 per cent in value of companies on the JSE listed companies. Nkonki will support the further expansion of Kreston coverage throughout Africa.’

l BWO is the Isle of Man’s only representative of Kreston International, a global network of independent accounting firms with more than 600 firms in 98 countries, providing a resource of more than 19,000 professional and support staff.

l BW Oakfield Group is licensed by the Isle of Man Financial Supervision as a trust and corporate service Provider.

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