Under the new private ownership of Opera Limited, Oak Group will expand with the acquisition of Amber Trust, a Bahamian fiduciary business.
Opera is backed by Pula, the family office of Stephen Lansdown, co-founder of Hargreaves Lansdown, along with like-minded shareholders such as Sealyham, the family office of Tom Scott. The name Opera stands for O for Oak, P for Pula, and E-R-A for a new era in financial services.
Amber is a well-established trust company that offers proactive fiduciary services and concierge-level service to ultra-high-net-worth individuals and families. Amber’s asset structuring services support families with a global asset base seeking long-term wealth succession. Their service portfolio also includes family governance advice and assistance with establishing and operating single-family offices.
The business is led by Managing Director Katie Booth, a highly experienced professional with a background in managing the assets of some of the world’s wealthiest entrepreneurs. Amber will operate under the Oak brand.
“This acquisition is an exciting opportunity to enhance our global reach and provide deeper, more focused services to our ultra-high-net-worth clients,” said Kim Sgarlata, Group Chief Executive Officer.
“We believe that Amber’s expertise and strong client relationships, combined with Oak’s resources and technology, will create a powerhouse of bespoke services for our clients across the globe.”
Managing Director of Amber Katie Booth commented: “We are thrilled to be joining the Opera family under the Oak brand. Their strong commitment to delivering personalised, high-quality services to ultra-high-net-worth clients aligns perfectly with our approach at Amber. I look forward to contributing to Opera’s ambitious plans for the future.”
Pictured: Kim Sgarlata and Katie Booth
