ITA acquires Standard Chartered Trust (Cayman) Limited
GRAND CAYMAN, Cayman Islands -- July 12, 2013
We are pleased to announce that on 26 June 2013, ITA Cayman Holdings Ltd.
(“ITA”) agreed to acquire Standard Chartered Trust (Cayman) Limited (“SCTC”),
along with their clients from Latin America. The ITA Group through its
fiduciary arm of ITA Global Trust Company Ltd. provides trustee and corporate
management and administration services to high net worth clients, private
trust companies, investment funds and privately held companies. A major focus
of business for the ITA Group is Latin America and this acquisition further
builds the business presence in that region.
The acquisition is subject to regulatory approval. In the meantime both ITA
and SCTC will carry on business as usual, whilst the non Latin America clients
of SCTC are transferred to their fiduciary entities in Singapore or Guernsey.
William Zelaya, a Director of ITA commented: “With the growth of Investors
Trust Assurance SPC in Latin America, this acquisition also develops our
fiduciary foothold within the region. We are excited by the continued growth
of our regulated entities in the Cayman Islands, which we consider to be the
most sophisticated offshore jurisdiction in the Americas and ideally located
for our Latin American clients.
It is anticipated that the business of ITA Global Trust Company Ltd. will
transfer into the newly acquired company and President Ian Phillips said, “We
have seen significant growth in our business during the first three years of
operations. This acquisition further cements our fiduciary business and with
the addition of staff that will be joining us at our existing Camana Bay
location will ensure we continue to provide a personalised service to the
needs of our international clients."
For more information please contact IPHILLIPS@ITAGLOBALTRUST.COM
About ITA Global Trust Company Ltd.
ITA Global Trust Company Ltd. is licensed by the Cayman Islands Monetary
Authority to carry on Trust business. Based in the Cayman Islands, ITA Global
Trust provides structured solutions to a global diversification of clients
including Latin America. Visit www.itaglobaltrust.com for more information.
About Investors Trust Assurance SPC.
Investors Trust Assurance SPC is an A.M. Best “B++” rated leader in the
offshore insurance business offering comprehensive unit-linked insurance plans
to investors around the world. ITA is a registered insurance company holding a
Class B Insurer License from the Cayman Islands Monetary Authority. ITA seeks
to provide opportunities to policyholders through access to the global
financial markets. Visit www.investors-trust.com for more information.
Investors Trust Assurance SPC
Ian Phillips, 345-749-3340
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