A new Cayman Islands trust company, IMG Trust Company Cayman Limited (IMG), has launched this month under the leadership of trust industry experts Peter Goddard and Maxine Bodden Robinson.
From its base in Grand Cayman, IMG will provide a full range of professional fiduciary services aimed at ultra-high-net-worth individuals, families and global businesses, according to a press release.
IMG’s services include trusts; foundation companies; corporate and registered office services; protector and enforcer services; replacement/court-appointed trustee services; regulatory reporting; and administration support related to clients’ assets including yachts, aircraft, real estate and operating businesses.
The directors said the firm will focus on contentious trusts, including trusts in litigation, where they will also benefit from the experience of James Lagan, a director with a strong litigation background.
IMG’s principals have specialised in recent years in the recovery of stolen trust assets, the defence of trusts against third party claims, and the marshalling of global teams of lawyers representing trusts.
The IMG team will also specialise in the establishment and maintenance of philanthropic and (environmental, social and governance)-focused trusts and private foundations; including the development of specific philanthropic policies, selecting charities or causes for benefit, evaluating funding proposals, involvement with university bursary schemes, mental wellness services, and climate research grants.
“Our business model is to focus on a few exclusive family and commercial clients, rather than spread our expertise too thinly,” said Peter Goddard, a principal of IMG, in the release.
“This means that clients will always be looked after by IMG’s principals directly, rather than being passed down to more junior staff.”
IMG is based in George Town, Grand Cayman and is licensed by the Cayman Islands Monetary Authority under the Banks and Trust Companies Act (Revised).
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