ITA acquires Standard Chartered Trust (Cayman) Ltd

On June 26, 2013, ITA Cayman Holdings Ltd. (“ITA”) agreed to acquire Standard Chartered Trust (Cayman) Limited (“SCTC”), along with their clients from Latin America.

The ITA Group through its fiduciary arm of ITA Global Trust Company Ltd. provides trustee and corporate management and administration services to high net worth clients, private trust companies, investment funds and privately held companies. The ITA Group business is largely focused on Latin America and this acquisition further builds the business presence in that region.

The above-mentioned acquisition is subject to regulatory approval. In the meantime both ITA and SCTC will carry on business as usual, whilst the non Latin America clients of SCTC are transferred to their fiduciary entities in Singapore or Guernsey.

William Zelaya, a Director of ITA commented: “With the growth of Investors Trust Assurance SPC in Latin America, this acquisition also develops our fiduciary foothold within the region. We are excited by the continued growth of our regulated entities in the Cayman Islands, which we consider to be the most sophisticated offshore jurisdiction in the Americas and ideally located for our Latin American clients.”

ITA Global Trust Company Ltd. is licensed by the Cayman Islands Monetary Authority (CIMA) to carry on Trust business. Based in the Cayman Islands, ITA Global Trust provides structured solutions to a global diversification of clients including Latin America.

Investors Trust Assurance SPC is an A.M. Best “B++” rated leader in the offshore insurance business offering comprehensive unit-linked insurance plans to investors around the world. ITA is a registered insurance company holding a Class B Insurer License from the Cayman Islands Monetary Authority (CIMA).

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