International Protector Group launches comprehensive guide on the Bahamas Executive Entity

  • Provides in depth understanding of the Act, its nature, function and potential applications
  • Makes the legislation more user-friendly to help wealth management professionals engage with their clients
  • Available free of charge to wealth management specialists, lawyers and professional intermediaries, go to www.ipg-protector.com to obtain a copy
Nassau, Bahamas and Zurich, Switzerland – 13th June 2012 – International Protector Group (IPG), a leading fiduciary services provider, today announced the availability of a new and comprehensive guide to the recently announced Bahamas Executive Entity (BEE). The new BEE Binder is packed with essential information to help wealth management specialists make informed decisions for their clients on the options and solutions that are available through the BEE.

Produced exclusively by IPG, the guide is presented in an A4 size hardback Binder, comprising 11-sections and includes a 60-page synopsis on the legislation. There is a detailed subject listing covering the features and benefits of the BEE, a fact sheet and details of the Act itself. A recent survey of top trust specialists found that 83% of respondents believed that the newly launched Bahamas Executive Entity would be an important tool in international estate and estate planning structures. IPG recently launched a specialist BEE service to help organisers of complex trusts take advantage of the Bahamas Executive Entity and the production of the IPG BEE Binder is a direct result of the number of interested inquiries coming in to its offices each day.

Simon Beck, Partner at leading international law firm, Baker & McKenzie, was positive in his comments about the BEE Binder: "This new guide provides useful information to help industry practitioners to deepen their understanding of how the Act operates, and to develop the skills and knowledge necessary to advise on the powers of an Executive Entity, its structure, governance, succession."

Andrew Law, CEO of IPG, explaining the launch of the new guide said: “We have produced the guide to help industry practitioners stay abreast of developments in the field and explore how the new Bahamas Executive Entity can resolve many issues that wealth management advisors are called upon to address when assisting their clients. We welcome inquiries and are happy to offer assistance to professional intermediaries and private clients who can turn to us for guidance on the new legislation.”

About IPG:

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

Contact information:

Shirlene Campbell Ritchie
PR for IPG
Tel: 01780 721 433
Email: scampbellritchie@iba-international.com

IPG PR contact – Taran Mackey
IPG
Tel: +1 242 677 8700
Email: taran.mackey@ipg-protector.com

Issuers of news releases, not Targetwire, are solely responsible for the accuracy of the content.