Kensington Trust Group the Asian associate of private and institutional client service provider JTC, has been granted a licence by the Monetary Authority of Singapore to conduct trust business in the jurisdiction.
This latest development means the multijurisdictional, independent provider of institutional and private client service, can now offer clients specialist jurisdiction-specific fiduciary solutions.
Kensington Trust Group (KTG) already had a strong presence in Singapore prior to issuance of its new trust licence, undertaking corporate services, implementing cross-border structures and meeting its fiduciary responsibilities by having locally resident directors for Singapore-incorporated companies.
JTC established a strategic association with KTG in 2013, giving it a broad platform for providing corporate, trust and cross-border structuring services to clients across the Asia region through its well-established teams of professionals in Singapore, Hong Kong, Labuan, Malaysia and New Zealand.
The Leading Trust Jurisdiction in Asia
The Singapore unit is led by Linda Wong (pictured) the Managing Director of Kensington Singapore, she is also one of the Founder Members of the Group.
Wong has more than 15 years of experience in the trust and fiduciary industry, having trained as an Auditor with one of the top 4 auditing companies.
«This is a crucial and exciting step forward for JTC Kensington and we are all extremely pleased. Singapore is justifiably perceived as the leading trust jurisdiction in Asia and one of the most popular and credible international financial centres in the world,» said Wong.
