Deutsche Bank has strengthened its trust capabilities for private clients by re-establishing a trust administration team in the Cayman Islands.
The newly launched Private Client Trust Administration Centre will support Deutsche Bank’s Cayman trust company, whose private client administration has been managed in recent years from Deutsche Bank’s affiliated offices in other jurisdictions.
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The private client trust business forms part of Deutsche Bank’s asset & wealth management division and falls under its Global Trust Solutions banner. The new Cayman Trust Administration Centre has seen an initial transfer of over 3,000 client entities since its launch earlier this year.
Stuart Bray has been transferred to the Cayman Islands from within the Deutsche Bank Group to lead the newly established team. He has 16 years experience in the private client trust and company arena.
Previously, Bray worked for Deutsche Bank’s Global Trust Solutions business in Guernsey and latterly as head of its Mauritius Global Trust Solutions operation.
The team also includes Ethel McLean and Allison Payne. Both will be supported by Elizabeth Watt, who will now focus full time on supporting the trust business.
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By GlobalDataBray said: "The new team is strategically well placed to service both existing and future private clients, particularly in the Americas region which is a target market for us. Cayman trust structures remain highly popular with Deutsche Bank’s global client base and the jurisdiction continues to be well respected as a premier fiduciary services centre."
