Accountancy firm Saffery Champness has launched an offering in the Cayman Islands.
Saffery Trustee Company (Cayman) Limited (STCCL) will provide Cayman trust and corporate services as a registered controlled subsidiary of a licensed Cayman trust company.
These services will be in conjunction with Saffery Champness fiduciary professionals in Geneva and Guernsey.
STCCL was incorporated in October 2019 and received regulatory approval from the Cayman Islands Monetary Authority (Cima) to undertake trust business in January 2020.
It was granted a corporate license to operate by Cima in June 2020.
Management team
The directors of STCCL will include Paul Tucknott, managing director of Saffery Champness in Geneva, and Lisa Vizia, director of Saffery Champness in Guernsey.
The services it offers include acting as a Cayman trustee, while providing some or all of the required administration locally, or via Saffery Champness’ offices in Geneva or Guernsey, according to client requirements.
Nick Batiste, managing director of Saffery Champness Registered Fiduciaries, said the decision was made after “carefully considering the needs of our international clients”.
“The Cayman Islands is a key jurisdiction with a robust legislative framework. It is highly regarded by clients and advisers alike and will continue to be a location of choice for those with complex international needs.
“We have worked for many years with clients and intermediaries on complex structures based in Cayman and establishing this new offering was a natural step for our business to ensure we are able to meet the complex needs of our clients in multiple jurisdictions.”
Global operation
Saffery Champness Registered Fiduciaries offers estate planning, wealth protection, investment structuring and corporate services to clients all over the world.
First established in Guernsey in 1977, the firm opened an operation in Switzerland in 2008 and in the Dubai International Financial Centre (DIFC) in 2018.
