Nassau, Bahamas and Zurich, Switzerland – 23 May, 2012 – International Protector Group (IPG), a leading fiduciary services provider, announced today, the official opening of IPG Switzerland GmbH. The new company fills a vital niche in estate planning by providing professional protector and related services to trusts and foundations, to safeguard the interests of the settlor and the beneficiaries of a trust.
In particular, the new company will allow Swiss-based trustees and their professional advisors to take advantage of the newly announced Bahamas Executive Entity which acts as a power holder to resolve complex governance issues in fiduciary and wealth planning structures. A BEE affords clients greater control in the administration and security of their wealth. A recent survey of leading trust specialists in Geneva and Zurich found that 83% of respondents believed the Bahamas Executive Entity would be an important tool to strengthen and simplify their international estate and estate planning structures.
Andrew Law, CEO of IPG commented, "The decision to expand into Switzerland is the culmination of four years of strategic and careful planning. As protectors feature increasingly in estate management, both private clients and professional intermediaries can turn to us for guidance on a wide range of trust consultancy issues. They can draw on the expertise of our team who are well versed in the international trust business. Our focused, research-driven approach ensures we have a complete understanding of each client’s requirements, and we are able to offer bespoke, tailored solutions to suit very specific needs," said Law.
IPG's Switzerland office will focus principally on growing IPG's international corporate and private client network, and strengthening the Group's presence in Europe. The firm's proximity to major financial centres ensures it is close to its markets, intermediaries and customers. It draws on the strength of Switzerland as an international financial centre, and complements the IPG offices in The Bahamas.
IPG is a specialist provider of Family Office services with a particular focus on Private Trust Companies. With assets under supervision of $1.5 billion as of 31 December 2011, IPG's specialists are based in the key financial jurisdictions of The Bahamas and Zurich – offering dedicated international business expertise with strong experience of working with professional intermediaries and private clients around the world.
IPG is revolutionising wealth planning and fiduciary structuring through its participation in the development of The Bahamas Executive Entity – a unique piece of Bahamian legislation designed specifically to resolve complex governance issues in fiduciary and wealth management structures. Additional information is available at: http://ipg-protector.com
Shirlene Campbell Ritchie
PR for IPG
Tel: 01780 721 433
IPG PR contact – Taran Mackey
Tel: +1 242 677 8700