ITA Global Trust, a subsidiary of ITA International, has been granted a license by the Cayman Islands Monetary Authority to carry on trust business.
The company will provide corporate trust and company management services primarily for residents in Latin America and Asia Pacific.
Ian Phillips was recently named president of ITA Global Trust. Phillips has built a network of financial relationships locally and internationally during his 16+ years of experience in the Cayman Islands.
"We are extremely proud to expand our presence in the Cayman Islands with our new trust company," says ITA International director William Zelaya. "Ian Phillips has the leadership experience to guide this new company towards success by providing the necessary trust and company management services to clients in the Latin American and Asia-Pacific regions."
ITA Global Trust will offer a range of trust products and services that will include access to a range of global investment opportunities, personalised trust and company services, estate planning, and protection from economic and currency instability in residing country.