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Home / International News / Press Releases / 2010 / October / October 15, 2010
ITA Global Trust Company Granted Trust License by Cayman Islands Monetary Authority

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ITA Global Trust Company Granted Trust License by Cayman Islands Monetary Authority

Grand Cayman, Cayman Islands

ITA Global Trust Company Ltd. (“ITA Global Trust”), a subsidiary of ITA International Holdings LLC, announced that it has been granted a license by the Cayman Islands Monetary Authority (CIMA) to carry on Trust Business. The company will provide corporate trust and company management services primarily for residents in Latin America and Asia Pacific. Ian Phillips was recently named President of ITA Global Trust Company. Mr. Phillips has built a network of financial relationships locally and internationally during his 16+ years of experience in the Cayman Islands.

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

ITA Global Trust will offer a wide range of trust products and services that will include:

Investors Trust Assurance, SPC, a subsidiary of ITA International Holdings LLC, has been very successful in providing investment solutions for the middle market investor in Latin America and Asia Pacific. By establishing a company to carry on Trust Business from within the Cayman Islands, the ITA International has strengthened its business model of providing global investment opportunities and first class personalized service to investors in the Latin American and Asia-Pacific markets. Through ITA Global Trust, ITA International is now able to provide financial opportunities to the high net worth clients in these emerging markets.

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,” adds Zelaya.

About ITA Global Trust Company Ltd.

ITA Global Trust Company Ltd. is a company licensed by the Cayman Islands Monetary Authority to carry on Trust Business. Based in the Cayman Islands, ITA Global Trust provides structured solutions to clients primarily based in Latin America and Asia Pacific.

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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