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Guardian Trust was yesterday granted a full Trustees and Statutory Supervisors licence by the Financial Markets Authority (FMA).
The licence is only granted to those trustee firms that can show “every director and senior manager is of good character, that they are registered on the Financial Service Providers Register (FSPR), that they have the relevant experience, skills and qualifications to do the job, and robust and detailed procedures for ensuring compliance of each supervised interest”.
The Trust Company, the parent company of Guardian Trust, is a leading trustee in New Zealand, Australia and Singapore.
Group Executive General Manager, Corporate Client Services, David Grbin said, “We are delighted to be granted this licence, which recognises the quality and experience of our staff and our dedication to protecting our clients’ interests first and foremost. We are committed to building on our strong reputation in the region and developing our corporate trustee service offering in New Zealand.
“This endorsement comes at an exciting time for our Group, as we deepen the expertise of our team in New Zealand, Australia and Singapore and continue to transform our business to take full competitive advantage of our regional footprint.”