Mauritius

Our neck of the woods

Mauritius is an island nation off the southeast coast of the African continent in the southwest Indian Ocean. Mauritius lies east of Madagascar and has a land mass of 2,040 sq km. The main island is of volcanic origin and is almost entirely surrounded by coral reef. The population is approximately 1.3 million.

Mauritius has a rich and diverse cultural and economic background. The country was first visited by the Arabs and later by the Portuguese. The Dutch were the first nation which made an attempt for settlement during the seventeenth century. After their departure the French landed on the island and were followed by the British who invaded the island in 1810 and defeated the French. Mauritius remained a British colony until 1968 when it became an independent member of the Commonwealth.

Mauritius has a rich and diverse cultural and economic background

The Mauritius economy was shaped by sugar cane farming, but this was diversified in the 1970s and 1980s into export orientated manufacturing (mostly textile) and up-market tourism, with Mauritius becoming one of the top destinations for honeymoons. In the late 1980s and early 1990s the services sector, including international financial services, was developed.

The government is a parliamentary democracy and the chief of state is the President, and the head of government is the Prime Minister. Mauritius has a mixed economic system in which the economy includes a variety of private freedom, combined with centralised economic planning and government regulation. Mauritius is a member of the African Union (AU), African Economic Community (AEC), and the Common Market for Eastern and Southern Africa (COMESA). The domestic currency is the Mauritian Rupee.

Our history

As the next strategic step in the development of the Oak Trust Group, offices were opened in Mauritius in June 2015. Oak Management (Mauritius) Limited was incorporated on 27th March 2015 and this was followed with Oak Trust (Mauritius) Limited which was incorporated on 29th June 2015.

Both companies are licensed by the Financial Services Commission Mauritius. Oak Management (Mauritius) Limited holds a management licence and is licensed to provide corporate services. Oak Trust (Mauritius) Limited holds a management licence to act as a corporate trustee.

William du Toit, previously an Executive Director for Standard Chartered Private Bank in Jersey, joined Oak Trust Group and relocated to Mauritius to help establish the Oak Mauritius offices. He has been joined by Andrew Fox, a director of Oak Guernsey, who has also relocated with his family to Mauritius. Two Managers of Oak Guernsey were deployed, Claire Corbet and Mark Salmon, and these four expats formed the initial basis of building and instilling the Oak Group culture in our new operation in Mauritius.  Claire Corbet returned to the Guernsey office after 15 months service in the Mauritius office.

New offices were taken on and refurbished in Black River and since inception, the business growth has been strong taking the team to around 25 staff. Having close proximity to our clients in southern and eastern Africa brings many benefits, including a high level of demand for structures in Mauritius. The Oak Trust Group has entered into a new and exciting growth phase and by transferring our group policies and ethos to this new operation we have been able to rapidly implement a fully functioning trust business with established and well regarded practices.

Directors

Andrew Fox

FCCA

Director – Guernsey & Malta
Managing Director – Mauritius

Andrew graduated with a Bachelor of Commerce degree in 1999 and a Post Graduate Diploma in Finance, Banking and Investment...

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Telephone

+ 230 401 3202

Mobile

+ 44 7781 101 601 (GSY)

+ 230 5941 7282 (MAU)

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William du Toit

MCSI

Executive Director – Mauritius

William was born in Stellenbosch, South Africa where he spent his formative years. In 1990 he graduated from the Witwatersrand...

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Telephone

+ 230 401 3209

Mobile

+ 44 7911 768 561 (GSY)

+ 230 5941 7275 (MAU)

Email

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Graham McCormack

CA

Group Finance Director

Graham graduated with a Bachelor of Accountancy with Honours degree from the University of Glasgow, Scotland, in 2000, having spent one...

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Telephone

+ 44 1481 749 282

Mobile

+ 44 7781 101 600

Email

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Mark Chasey

CA

Non-Executive Director

Mark graduated with a Bachelor of Commerce degree in 1978 and a Bachelor of Accountancy degree in 1981, both from...

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Telephone

+ 44 1481 749 272

Mobile

+44 7781 133 259 (GSY)

+ 27 83 255 5902 (SA)

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David Willis

SAIPA

Non-Executive Director

David graduated with a National Diploma in Accounting from the Witwatersrand Technikon, South Africa, in 1995 and a Bachelor of...

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Telephone

+ 44 1481 749 273

Mobile

+ 44 7781 101 602

Email

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