Nick Landor is to step down as the President of the Jersey trust industry trade association (JATCo); following four successful years at the helm. During this time the JATCo Committee has dealt with a variety of issues and consultation papers, including the successful visit to the Island of the IMF, the introduction of the JATCo Corporate Social Responsibility Awards and the highly popular JATCo annual seminar held each October.
Alan Binnington, a Jersey Law Commissioner and Private Client Director of RBC Trust Company (International) Limited is to take Nick’s place. Alan was educated at Victoria College and studied law at St. Catharine’s College Cambridge, following which he qualified as an English barrister and then as a Jersey Advocate. Alan was a Partner at Mourant du Feu and Jeune from 1985 to 2009, specialising for many years in commercial litigation and the formation and administration of structures for high net worth families. Alan joined RBC in 2009, following the company’s acquisition of Mourant Private Wealth.
Alan said “I am delighted to be heading up this active and innovative trade association. JATCo represents the interests of the Island’s trust industry and has working parties addressing a variety of legislative and regulatory issues. It is vital for the healthy continuity of this important and successful Jersey industry that JATCo continues is work on behalf of industry. We are always happy to welcome new JATCo members, although the vast majority of the Island trust companies are already members; equally we would be delighted for Island trust practitioners to join our working parties or the main Committee.”
“The contribution that international finance centres such as Jersey make to the global economy is frequently misunderstood and it is therefore important that through bodies such as JATCo the industry’s voice is heard”.
For further information contact Sara Durnford-Lloyd, Executive Secretary, JATCo on 01534 768866, mobile 07797 717 327
The Jersey Association of Trust Companies (JATCo) is an organisation that represents the majority of trust companies in the Island of Jersey, Channel Islands. It represents the vast majority of the Isalnd trust companies. The industry employs an estimated 4,000 people locally. Its members, and those employed by them, contribute a significant percentage of the Island’s annual tax revenues.
JATCo is a proactive organisation, which represents its members’ interests to government and financial services regulators. It also runs an educational program me to enable decision makers and opinion formers (both locally and further afield) to have critical information upon which to make decisions affecting the Island’s trust industry. JATCo canvasses its members’ opinions and informs members about developments within the industry be they technical, regulatory or of a practical nature. It holds forums and seminars on current topics of interest as well as sending regular newsletters to members. Items of interest and education are regularly posted on the Association’s web site. It represents members on various industry, regulatory and governmental working parties making minutes of such working parties available to members wherever possible.
Licensing by the Jersey Financial Services Commission is a prerequisite of membership. JATCo’s members range from small locally owned trust companies to large multinational financial services providers. The Association’s Committee reflects this mix and includes members of the Trusts Sub-group of the Jersey Bankers Association and members of the Jersey Branch of the Society of Trust and Estate Practitioners (“STEP”).