Trust Services

Investec Trust Group announces that it has conducted a strategic review of its international businesses that will result in the phased closing of its Guernsey trust office. This decision is the result of a thorough process of reviewing its dual presence in the Channel Islands, examining market requirements and leveraging its global platform.

Investec Trust is pleased to announce the appointment of Elliot Goodman as Senior Trust Manager and Team Head at Investec Trust Switzerland.

Investec Trust is pleased to announce the appointment of Paul Douglas as Managing Director of Investec Trust Switzerland, effective immediately. This follows the recent appointment of Xavier Isaac as CEO of the Investec Trust Group.

Investec is pleased to announce the appointment of Xavier Isaac as Chief Executive Officer of Investec Trust Group, effective immediately. Xavier currently serves as Managing Director of Investec Trust in Switzerland.

A senior role at Investec Trust has been taken up by experienced trust professional, Luis Gonzalez.

As a director of the business, Luis will provide senior support for significant UK non-domiciled private clients with a diverse range of structures and he will have particular responsibility for property interests.

A leading conference attracting an expert international audience will discuss the future of trusts and foundations at the Hotel de France on November 4.

Whither goest thou?

Issues of the moment for the trust industry / A look at our language
By Robert Clifford, Investec Trust

The world of wealth and the way it is treated by the global financial services industry is changing. Trust practitioners in particular are looking closely at the evolving face of clients and their needs. In Guernsey there appears to be both an industry and regulatory understanding that, in order to continue to grow, changing quickly and changing intelligently is the order of the day. Investec Trust’s Jane Kerins argues that it is those trust specialists that adapt with innovation that will see continued success.

Unusual corporate gifts have benefitted animals at Jersey’s Durrell Wildlife Conservation Trust.

Investec Trust, with offices in both Jersey and Guernsey, decided to donate money to the trust rather then give corporate gifts to guests and speakers at a dinner debate held in London last week.

There can be little doubt that philanthropy is in fashion for those who work in the private client world. High profile campaigns such as rock star Bono's one man mission to alleviate Third World debt for developed nations, Sir Tom Hunter (Scotland’s richest man) and his well-publicised philanthropic initiatives, the Gates Foundation's massive resources and ambitions (such as its programmes to eradicate malaria and river blindness), and billionaire investor and Berkshire Hathaway Chair Warren Buffett's donation in 2006 of USD30 billion to the Gates Foundation, have all ensured that philanthropy is top of the agenda for many of the world’s wealthy. 

It is difficult to reflect on where Jersey and Guernsey are now as Crown Dependencies and thriving individual offshore financial jurisidictions without looking back on the events which have shaped both islands and their shared history. 

Choosing the right trustee

Choosing the right trustee is probably the most important decision faced by a prospective settlor and his or her advisor, especially when faced with the myriad of choices available in the global market place. Investec Trust’s Rosemary Marr looks at the options.

What impact will the changes to the residence and domicile rules in the UK Budget have on the offshore trust industry in Jersey?