Nassau, The Bahamas and Zurich, Switzerland - September 27, 2012 (www.investorideas.com newswire) International Protector Group (IPG), a leading trust and estate planning consultancy, today announced it has secured a series of significant BEE contracts within the five months since IPG launched its BEE service. The contracts have included the first three BEEs to have been established worldwide since the Government of The Bahamas announced the Bahamas Executive Entity earlier this year. The new IPG contracts are with client trusts in a spread of geographical locations including the US, Latin America and the UK.
The BEEs have been arranged in conjunction with a range of professional and institutional advisers including legal, financial and banking organisations. The flexibility and versatility of the new Act has been underlined by the fact these early BEEs have been established to serve various functions including owning a private trust corporation, owning management shares in a mutual fund, acting as a protector and owning a corporate investment advisor.
Commenting on the take-up of the new BEE, Andrew Law, Chief Executive Officer of IPG commented, "We are extremely pleased with the early take-up of this important new instrument for HNWI structuring . This sector is growing very rapidly and many High Net Worth Individuals still don't know that our kind of offering is available to them."
"We are seeing a lot of interest coming from Latin America, The challenge is now to capitalise on that interest. We are able to differentiate ourselves in the market by providing very exciting alternative solutions in the world of wealth management."
IPG now has under its supervision more than $1.5 billion in assets. In May this year, the firm opened its new Swiss office, expanding its management team with the appointment of seasoned trust specialist, Kevin Clerey as managing director. This broader base of operations enables the firm to 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
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