Intertrust Group
Encyclopedia
Intertrust Group is one of the largest providers of Trust
and Corporate Services in the world. Intertrust operates with more than 1,000 employees worldwide in over 20 countries. Through its offices, Intertrust offers a broad range of commercial, legal, tax and administrative services to companies and high net worth individuals.
The global Head office is located in Geneva
, Switzerland
.
The largest operational office is located in the Netherlands. Further offices are in: (Europe
) Belgium
, Denmark
, Guernsey
, Ireland
, Luxembourg
, Russia
, Spain
, Sweden
, Switzerland
, Turkey
, United Kingdom
.
(Americas
) Cayman Islands
, Curaçao
, USA.
(Asia
& Middle East
) China
, Hong Kong
, Singapore
.
acquired Pierson, Heldring & Pierson and ABN Bank acquired Mees & Hope
Bankers. After the merger of ABN Bank and AMRO bank into ABN AMRO in 1991, Pierson, Heldring & Pierson and Mees & Hope Bank were merged into MeesPierson in 1993. The trust and corporate management services activities were branded as MeesPierson Trust.
In 1997, MeesPierson was acquired by Fortis
. As a result of the subsequent acquisition of Intertrust Group in 2002, the newly formed MeesPierson Intertrust became one of the world’s largest trust and corporate management services firms. The acquisition of Intertrust Group was followed by several smaller acquisitions and disposals.
In 2006, MeesPierson Intertrust was rebranded into Fortis Intertrust.
In 2007, a consortium of financial institutions (Fortis, The Royal Bank of Scotland, and Banco Santander) acquired ABN AMRO
, with the purpose to split the ABN AMRO activities between the consortium partners. It was the intention that Fortis would acquire the Dutch operations of ABN AMRO
. In 2008, the worldwide economic downturn also affected Fortis, which resulted in the agreement by the governments of Belgium, Luxembourg, and the Netherlands to acquire a 49% interest in Fortis in September 2008. This commitment was overhauled one week later, when the Dutch government nationalised the Dutch operations of Fortis and the stake in ABN AMRO
. The remaining operations (Belgium and Luxembourg) were acquired by the Belgium and Luxembourg governments and BNP Paribas
. In summary, the Dutch operations of Fortis were rebranded into Fortis Bank Nederland
(FBN), the Belgium operations were rebranded into Fortis Bank Belgium and the Luxembourg operations of Fortis were rebranded into Banque Générale du Luxembourg (BGL).
The shares in Fortis Intertrust Group Holding were indirectly held by FBN (75%) and BGL (25%).
In June 2009, front running a potential divestment Fortis Intertrust was rebranded into Intertrust and by the end of 2009 the Intertrust Group was sold to a Dutch investor, Waterland Private Equity Investments
Specialised services
Private wealth services
Trust law
In common law legal systems, a trust is a relationship whereby property is held by one party for the benefit of another...
and Corporate Services in the world. Intertrust operates with more than 1,000 employees worldwide in over 20 countries. Through its offices, Intertrust offers a broad range of commercial, legal, tax and administrative services to companies and high net worth individuals.
The global Head office is located in Geneva
Geneva
Geneva In the national languages of Switzerland the city is known as Genf , Ginevra and Genevra is the second-most-populous city in Switzerland and is the most populous city of Romandie, the French-speaking part of Switzerland...
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
.
The largest operational office is located in the Netherlands. Further offices are in: (Europe
Europe
Europe is, by convention, one of the world's seven continents. Comprising the westernmost peninsula of Eurasia, Europe is generally 'divided' from Asia to its east by the watershed divides of the Ural and Caucasus Mountains, the Ural River, the Caspian and Black Seas, and the waterways connecting...
) Belgium
Belgium
Belgium , officially the Kingdom of Belgium, is a federal state in Western Europe. It is a founding member of the European Union and hosts the EU's headquarters, and those of several other major international organisations such as NATO.Belgium is also a member of, or affiliated to, many...
, Denmark
Denmark
Denmark is a Scandinavian country in Northern Europe. The countries of Denmark and Greenland, as well as the Faroe Islands, constitute the Kingdom of Denmark . It is the southernmost of the Nordic countries, southwest of Sweden and south of Norway, and bordered to the south by Germany. Denmark...
, Guernsey
Guernsey
Guernsey, officially the Bailiwick of Guernsey is a British Crown dependency in the English Channel off the coast of Normandy.The Bailiwick, as a governing entity, embraces not only all 10 parishes on the Island of Guernsey, but also the islands of Herm, Jethou, Burhou, and Lihou and their islet...
, Ireland
Ireland
Ireland is an island to the northwest of continental Europe. It is the third-largest island in Europe and the twentieth-largest island on Earth...
, Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
, Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
, Spain
Spain
Spain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
, Sweden
Sweden
Sweden , officially the Kingdom of Sweden , is a Nordic country on the Scandinavian Peninsula in Northern Europe. Sweden borders with Norway and Finland and is connected to Denmark by a bridge-tunnel across the Öresund....
, Switzerland
Switzerland
Switzerland name of one of the Swiss cantons. ; ; ; or ), in its full name the Swiss Confederation , is a federal republic consisting of 26 cantons, with Bern as the seat of the federal authorities. The country is situated in Western Europe,Or Central Europe depending on the definition....
, Turkey
Turkey
Turkey , known officially as the Republic of Turkey , is a Eurasian country located in Western Asia and in East Thrace in Southeastern Europe...
, United Kingdom
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
.
(Americas
Americas
The Americas, or America , are lands in the Western hemisphere, also known as the New World. In English, the plural form the Americas is often used to refer to the landmasses of North America and South America with their associated islands and regions, while the singular form America is primarily...
) Cayman Islands
Cayman Islands
The Cayman Islands is a British Overseas Territory and overseas territory of the European Union located in the western Caribbean Sea. The territory comprises the three islands of Grand Cayman, Cayman Brac, and Little Cayman, located south of Cuba and northwest of Jamaica...
, Curaçao
Curaçao
Curaçao is an island in the southern Caribbean Sea, off the Venezuelan coast. The Country of Curaçao , which includes the main island plus the small, uninhabited island of Klein Curaçao , is a constituent country of the Kingdom of the Netherlands...
, USA.
(Asia
Asia
Asia is the world's largest and most populous continent, located primarily in the eastern and northern hemispheres. It covers 8.7% of the Earth's total surface area and with approximately 3.879 billion people, it hosts 60% of the world's current human population...
& Middle East
Middle East
The Middle East is a region that encompasses Western Asia and Northern Africa. It is often used as a synonym for Near East, in opposition to Far East...
) China
China
Chinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
, Hong Kong
Hong Kong
Hong Kong is one of two Special Administrative Regions of the People's Republic of China , the other being Macau. A city-state situated on China's south coast and enclosed by the Pearl River Delta and South China Sea, it is renowned for its expansive skyline and deep natural harbour...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
.
History
Historically, Intertrust is strongly linked to the banking industry, roots which go back to the early 18th century. In 1952, NV Trust Corporation Pierson, Heldring & Pierson was incorporated in Curaçao by Pierson, Heldring & Pierson. In 1975, AMRO BankAMRO Bank
AMRO Bank was a major Dutch bank that was created from the merger of the Amsterdamsche Bank and the Rotterdamsche Bank in 1964. Its name comes from the first two letters of the two originating banks...
acquired Pierson, Heldring & Pierson and ABN Bank acquired Mees & Hope
Hope
Hope is the emotional state which promotes the belief in a positive outcome related to events and circumstances in one's life. It is the "feeling that what is wanted can be had or that events will turn out for the best" or the act of "look[ing] forward to with desire and reasonable confidence" or...
Bankers. After the merger of ABN Bank and AMRO bank into ABN AMRO in 1991, Pierson, Heldring & Pierson and Mees & Hope Bank were merged into MeesPierson in 1993. The trust and corporate management services activities were branded as MeesPierson Trust.
In 1997, MeesPierson was acquired by Fortis
Fortis (finance)
Fortis N.V./S.A. was a company active in insurance, banking and investment management. In 2007 it was the 20th largest business in the world by revenue but after encountering severe problems in the financial crisis of 2008, most of the company was sold in parts, with only insurance activities...
. As a result of the subsequent acquisition of Intertrust Group in 2002, the newly formed MeesPierson Intertrust became one of the world’s largest trust and corporate management services firms. The acquisition of Intertrust Group was followed by several smaller acquisitions and disposals.
In 2006, MeesPierson Intertrust was rebranded into Fortis Intertrust.
In 2007, a consortium of financial institutions (Fortis, The Royal Bank of Scotland, and Banco Santander) acquired ABN AMRO
ABN AMRO
ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
, with the purpose to split the ABN AMRO activities between the consortium partners. It was the intention that Fortis would acquire the Dutch operations of ABN AMRO
ABN AMRO
ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
. In 2008, the worldwide economic downturn also affected Fortis, which resulted in the agreement by the governments of Belgium, Luxembourg, and the Netherlands to acquire a 49% interest in Fortis in September 2008. This commitment was overhauled one week later, when the Dutch government nationalised the Dutch operations of Fortis and the stake in ABN AMRO
ABN AMRO
ABN AMRO Bank N.V. is a Dutch state-owned bank with headquarters in Amsterdam. It was re-established, in its current form, in 2009 following the acquisition and break up of ABN AMRO Group by a banking consortium consisting of Royal Bank of Scotland Group, Santander and Fortis...
. The remaining operations (Belgium and Luxembourg) were acquired by the Belgium and Luxembourg governments and BNP Paribas
BNP Paribas
BNP Paribas S.A. is a global banking group, headquartered in Paris, with its second global headquarters in London. In October 2010 BNP Paribas was ranked by Bloomberg and Forbes as the largest bank and largest company in the world by assets with over $3.1 trillion. It was formed through the merger...
. In summary, the Dutch operations of Fortis were rebranded into Fortis Bank Nederland
Fortis Bank Nederland
Fortis Bank Nederland was a bank in the Netherlands until 2010.The holding came into being within Fortis Bank, as a holding for those Dutch banks taken over by Fortis...
(FBN), the Belgium operations were rebranded into Fortis Bank Belgium and the Luxembourg operations of Fortis were rebranded into Banque Générale du Luxembourg (BGL).
The shares in Fortis Intertrust Group Holding were indirectly held by FBN (75%) and BGL (25%).
In June 2009, front running a potential divestment Fortis Intertrust was rebranded into Intertrust and by the end of 2009 the Intertrust Group was sold to a Dutch investor, Waterland Private Equity Investments
Services
Corporate services- Corporate financial planning
- Management & operational support
- Administration & accounting
Specialised services
- Securitisation administration
- Fund administration
- Share option administration
- Environmental markets
- Escrow services
- Intellectual property services
Private wealth services
- Asset planning
- Asset administration