Last year Guernsey was named International Finance Centre of the
Year and at the STEP Private Client Awards 2009/10 two
locally-based providers won awards.
Ogier was named IFC Legal Team of the Year, Virtus Trust was
named Independent Trust Company of the Year and Butterfield Trust
was named Institutional Trust Company Team of the Year.
Bob Moore, Managing Director of Butterfield Bank (Guernsey)
Limited, collected the award on behalf of the Group and said that
he attributed the success to the high level of attention
Butterfield provides to clients and their advisers.
"We pride ourselves on delivering highly personalised
service and our ability to provide tailored financial solutions for
each family's unique needs," said Mr Moore.
"We have been in the business of administering trusts since
the advent of global trust legislation more than 70 years ago. To
have won arguably the most prestigious award in the private client
world is a credit to the legacy we have inherited as well as the
experience and knowledge of our team internationally."
Butterfield also sponsored the Philanthropy Team of the Year
Award, which was presented by Katie Booth, Managing Director of
Butterfield International Private Office Limited.
Delegates gathered at the London Hilton for the black-tie awards
ceremony, which was hosted by Gyles Brandreth, one of Britain's
most sought after awards ceremony hosts and after-dinner speakers.
Highlighting excellence among private client solicitors/attorneys,
accountants, barristers, bankers, trusts managers and financial
advisers, 20 different awards were presented covering various areas
of private client practice. These were judged by a panel of 14
judges, supported by a panel of experts that included more than 100
industry professionals worldwide.
According to the judges what differentiated Virtus Trust from
its competitors was that it has become the first foreign non-bank
group to obtain a fiduciary licence to operate in the US, which was
seen to be an innovative move and attractive to clients and
The STEP judges said: "Virtus Trust are a safe pair of
hands who have developed a reputation for being able to take on
large and complex cases, and their US licence provides a
significant commercial advantage."
One of the founders, Nick Moss, added: "We have established
ourselves from a new business in 2005 to a point where we are now a
force in the independent international trustee and corporate
management business. We are delighted by this recognition at the
landmark private client event of the year.
"It has been extremely challenging to build and develop our
client relationships and this award is a tremendous accolade not
only for the business itself but also for our staff who have put a
considerable amount of hard work into achieving this. It is also an
important award for Guernsey as it once again demonstrates the
Island's fiduciary sector as being in the forefront of
professionalism and innovation."
Virtus Trust is an international trust and corporate services
group founded in 2005 by three individuals, Roderick Balfour, David
Allison and Nick Moss who together brought over 60 years of
high-level trustee experience to the business. The firm's core
services include private and corporate trust services as well as
company and partnership administration.
Steve Meiklejohn, Partner and Head of the Private Client &
Trusts Practice at Ogier, picked up the award on behalf of his
"I am immensely proud to receive such recognition from
industry peers for excelling in the private client arena, once
again demonstrating our market leading position. Winning this award
is a testament to the commitment and expertise of our international
Private Client & Trusts team, particularly in such a
competitive field," he said.
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