Appleby’s Trust Law Group has been named Caribbean Private Client Team of the Year by the Society of Trusts and Estate Practitioners.
The award was made on 13 September in London at the society’s gala dinner for its Private Client Awards 2007/08, stated a press release.
Partner and Head of Trusts in the Cayman Islands office, Carlos de Serpa Pimentel, and other members of the Trust’s global team, including Randall Krebs, Graham Boxall, Naomi Rive and Michael Stanford-Tuck, represented Appleby.
‘Appleby is a firm of committed private client lawyers who have contributed to the development of trust practice in each of those jurisdictions where they are represented,’ the judges commented,
‘Their staff is especially commended for their sensitive and helpful approach to the demands of trust litigation and constructive advisory work.’
Mr. de Serpa Pimentel, commented, ‘We are extremely honoured and proud to have won this award which recognises our firm’s contribution to the development of trust practice and to the needs of our clients.
‘Appleby is hugely committed to trust practice and to servicing its private clients and all those working in the wealth management industry. As trust lawyers we strive constantly to work as closely as we can with our clients to achieve their objectives and to provide them with the best advice.
‘We are therefore delighted that the judges recognised the strength and depth of our Trust practices in each of the Caribbean jurisdictions in which we are represented, namely the Cayman Islands, Bermuda, and the BVI.’
STEP is regarded as the premier professional organisation for the Private Client industry. The STEP Private Client Awards showcase the resurgence of the Private Client industry.
In the words of STEP, ‘Whereas 20 years ago it was the Cinderella of the legal, accounting, and banking worlds, times have changed.’
According to STEP’s Chief Executive, David Harvey, ‘With trillions set to pass between generations by 2040 the private client industry is booming. With such a large amount of money in private hands, there is a need for good stewardship of assets. STEP is committed to providing high standards in the industry and these awards reflect the fact that standards are rising along with the size of the funds involved.’