Trust Banking
Custodian Account
( Individual / Corporate )
RKG’s custodian account works very differently compared to a normal bank account. With RKG’s custodian account, your data is protected by a trust act law, where you may enjoy your privacy. Our custodian account also comes with state of the art multi currency internet banking app. You may now transfer/receive your funds to any part of the world in any currency and in any amount with just a click.
The custodian account comes with a survivor clause where in the event the account holder passes on, the funds will be released to the beneficiaries.
Trust Account
( Individual / Corporate )
As a corporate trustee or custodian we are the legal owner of, or hold security over, assets and financial instruments on behalf of our clients as well as providing administration and supervisory services. As a corporate trustee or custodian we are the legal owner of, or hold security over, assets and financial instruments on behalf of our clients as well as providing administration and supervisory services. Our experienced and professional staff have extensive knowledge of financial markets.As a leading corporate trustee company, we provide a range of quality services and offer a high level of dedication to our clients. These services include:
Custody services – holding assets on behalf of clients
Trustee for securitisation transactions
Security trustee services and facility agent for debt financing – acting as security trustee and facility agent on behalf of lenders to corporates, infrastructure transactions or securitisation transactions
Note trustee for retail and wholesale issues – trustee for retail and wholesale bonds
Escrow agent holding property or cash on behalf of clients during a transaction or following a dispute
Processing agent – receiving notices on behalf of offshore issuers
Trustee for staff share plans
Nominee shareholder services
We can help you understand the benefits of a Private Trust Company and whether it is the right planning solution for you.
The desire for flexibility
We are seeing a growing trend in the use of private trust company structures by clients and their advisers who are seeking to maintain flexibility and mitigate against loss of control.
Growth has been evidenced within RKG Klozer Trust Ltd with a number of
new private trust company structures being established over the past two
years and several enquiries relating to the migration of structures from British Virgin Islands (BVI) or Cayman Islands to Jersey.
What are the advantages for the
client?
Family control
• The client, or their wider family, can retain a greater degree of control over the trust affairs without compromising the validity of the family trusts. The client can compose the board of directors with themselves
included, and further include family members and trusted advisers who have a heightened knowledge of the family’s business and financial affairs and are empathetic to the needs of the beneficiaries.
Ease of changing trusteeship
• The relative ease with which the registered service provider can be
changed. With a private trust company it is not necessary to change the trustee or to transfer the title of trust assets when the registered service provider is changed, thus avoiding the requirement for legal deeds, indemnities and other documentation. Where the underlying client wishes to change the administrator of their private trust company fo rany reason, all that is required is the resignation and appointment of new directors, and notification of the new registered person responsible for the administration of the private trust company to the local registry;
namely the Jersey Financial Services Commission in Jersey.
Speed of decision-making
• An often overlooked but important benefit of a private trust company is
the ability of the private trust company to react quickly to changing
circumstances. This is particularly relevant where a family trust owns
the shares of an active trading company. Decisions often need to be
taken quickly and the board of a private trust company will often be
more familiar with the transactions of the underlying company than a
corporate trustee, and therefore more capable of reacting quickly to
changing circumstances.
Privacy
• The private trust company affords the client an additional measure of
confidentiality, with the comfort that a robust corporate governance approach will be observed with a trusted partner, who is both regulated
and based in a politically stable country.