The shortlist for one of the categories for the forthcoming STEP Private Client Awards is testament to the strength and quality of Channel Island trust companies according the Jersey-based member of the panel of experts.

The five shortlisted companies for the Owner-Managed Trust team of the Year for the 2011-12 awards are Bedell Trust, Nerine, Ogier Private Wealth, Volaw and Appleby.

Collas Crill trust and foundations specialist Richard Pirie is one of seven on the panel of experts for the Hottinger & Cie sponsored award. He said: “STEP is a global organisation with more than 16,000 members in over 40 jurisdictions, so the fact that four of the shortlisted companies are Channel Islands based and the fifth has a significant presence here is demonstrates the excellence and reputation of the finance industry in both Jersey and Guernsey."

The award is open to all trust companies not controlled by a bank anywhere in the world. In their entries, companies must demonstrate excellence over the past year, they must explain their attitudes towards assets held and tax issues, and demonstrate clear policies for asset allocation, the use of external managers and an understanding of risk management.

The other judges on the Panel of Experts for this award are Christopher Pease, Sarasin & Partners; Jonathan Lee, Pearson Jones plc; Aileen Barry, DLA Piper UK; Charles Wyld, Burges Salmon; Mark Buzzoni, Taylor Wessing and Richard Hay, Stikeman Elliott.

The Awards ceremony takes place on 15 September 2011 at the London Hilton on Park Lane Hotel.