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Home / International News / Press Releases / 2010 / October / October 11, 2010
ITA International Creates ITA Global Trust Company; Names Ian Phillips President

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ITA International Creates ITA Global Trust Company; Names Ian Phillips President

Grand Cayman, Cayman Islands

The parent company of Investors Trust Assurance, SPC, ITA International Holdings LLC (“ITA”) today announced the formation of ITA Global Trust Company Ltd., which will provide corporate trust services primarily for residents of the Latin America and Asia Pacific regions. Concurrently, ITA appointed Ian Phillips as President for the newly created trust company. Mr. Phillips possesses more than 16 years of experience in the Cayman Islands where he has built a network of financial relationships locally and internationally.

ITA Global Trust Company will offer the use of trust products that will include:

“We are extremely proud to expand our presence in the Cayman Islands with our new trust company with Ian at the helm,” said ITA Director William Zelaya. “Ian has the leadership experience to guide this new company towards success by providing the necessary trust services to our clients in the Latin American and Asia-Pacific regions.”

Mr. Phillips came to Cayman from the UK in 1994 and now considers the island his home. He moved to Cayman originally with CIBC before moving to Barbados for a year to run their trust company in 2000. He then returned to Cayman in 2001 and most recently was President of Cayman National Trust. In 2009, Mr. Phillips became a Council Member for The Cayman Islands Branch of STEP (Society of Trust and Estate Practitioners).

“Ian is a known quantity within the financial services industry, and we’re looking forward to the leadership he’ll provide for ITA’s new trust company,” said Michael Kennedy, ITA Secretary and General Counsel.

About ITA International Holdings LLC.

ITA International Holdings LLC (“ITA”), a Delaware limited liability company, is the parent company of a growing international financial services group which includes Investors Trust Assurance SPC and ITA Global Trust Company Ltd.

About Investors Trust Assurance SPC.

Investors Trust Assurance SPC is an A.M. Best “B++” (Good) rated leader in the offshore insurance business offering comprehensive unit-linked insurance plans to investors in Latin America and Asia Pacific. ITA is a registered insurance company holding an Unrestricted Class B Insurer License from the Cayman Islands Monetary Authority. ITA seeks to provide opportunities to its policyholders through access to the global financial markets. Visit www.investors-trust.com for more information.

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Source:Business Wire (Business Wire India)

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