PROFILE & HISTORY OF INTERCONTINENTAL TRUST
Intercontinental Trust Limited started its operations in July 2000 when it obtained its License from the Mauritius Offshore Business Association Authority (“MOBAA”). It is now regulated by the Mauritius Financial Services Commission (“FSC”) to provide a comprehensive range of financial and trustee services to international businesses. The Company endeavours to provide a first class client service in international taxation and trust services.
The Company is an independent member of Baker Tilly International. Through this membership, the firm is able to deliver, with integrity and objectivity, superior independent financial and fiduciary services to clients through global resources and relationships. The Company calls upon member firms around the world when needed to provide its clients with local expertise in any overseas marketplace.
About Baker Tilly International
Baker Tilly International is one of the world's top ten accountancy and business services networks, currently represented by 138 independent member firms in 104 countries. As a premier international network our member firms are committed to providing the highest service to their clients, in their own marketplaces and across the world, wherever the client needs help.
Baker Tilly International is approximately 20 years old and has grown steadily since inception. It has generated a reputation for quality services. Membership is valued and entry criteria high. Baker Tilly International operates on the basis of one firm per country with the current exceptions of Australia, New Zealand, Canada, the United States of America and Germany.
The table below sets out a broad analysis of coverage as at June 2006. The combined statistics of the independent members of Baker Tilly International are:
Aggregate revenue: US$2.5 billion
Size / Rank of association by fee size: 8th in world
No. of countries: 104
No. of firms: 138
No. of offices: 505
Personnel: 24,000+
SEYCHELLES
Intercontinental Trust (Seychelles) Limited (“ITSL”) was set up in July 2005 and is regulated by the Seychelles International Business Authority (“SIBA”) in Seychelles.
ITSL became fully fledged in May 2006.
ITSL currently has under management, almost a quarter of the market share of Companies with Special Licences (“CSLs”) in Seychelles (Information as at 19-Sep-07). This represents almost a quarter of current CSLs in Seychelles (Information as at 19-Sep-07).
ITSL was granted its Trust License in July 2006 and also has a Corporate Service Providers License for one of the largest providers in East Asia.
Among its range of services, ITSL offers company formation & administration as well as back office support facilities and banking services in multiple jurisdictions with full-range of banking facilities, including internet banking.
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Profile of Directors
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BEN LIM, FCA TEP - Director
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Ben Lim is a fellow of the Institute of Chartered Accountants in England & Wales and has a great deal of experience in international tax planning. Until April 2000, he was an international tax and offshore services Partner in the Mauritian representative firm of Andersen Worldwide, s.c. (De Chazal Du Mée) and a director of a leading trust company in Mauritius.
Ben is also a member of the following bodies:
• Asia Offshore Association (Founder Member and International Director)
• Society of Trust and Estate Practitioners and
• International Fiscal Association
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TOMMY LO, BSc FCA - Director
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Tommy Lo is a fellow of the Institute of Chartered Accountants in England & Wales. In 1989, he joined as finance director, the Jade Group, a major local Group involved in activities as varied as property, financial services, trading and leisure. He was responsible for the diversification of the group into the financial services sector.
Tommy is also a member of the following bodies:
• Licensed Stockbroker in Mauritius
• Member of the Society of Trust and Estate Practitioners
• Member of the International Fiscal Association.
• Member of the Asia Offshore Association.
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RICHARD N. WILSON, BA TEP - Director
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Richard Wilson holds a BA in Economics and History from the University of Stirling, Scotland.
He was been working in the banking and finance industry since 1979, with experience in the United Kingdom, Australia, Hong Kong and Singapore.
His experience with the Mauritius Offshore Industry dates from 1997 after nearly nine years as Manager of an Australian bank in Hong Kong. He is a member of the International Tax Planning Association, and the Society of Trust & Estate Practitioners.
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YAN NG, MSc ACA TEP - Director
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Yan Ng is a menber of the Institute of Chartered Accountants in England & Wales. He also holds a BSc in Management Studies from the University of Mauritius and an MSc in Finance from Lancaster University, UK.
He worked for four years in London in a Chartered Accountancy firm in the field of accounting, auditing and taxation. He also worked with Deloitte in Luxembourg for one year before returning to Mauritius. Yan gathered a wide range of experience in the audit of various organisattions in the field of banking, fund industry and finance in Europe.
On his return to Mauritius, he spent a year with Baker Tilly Mauritius as a manager. Yan joined Intercontinental in 2003 in the Fund Administration department.
He is a member on the committee of the Financial Services Commission reponsible for the International competitiveness of the Mauritius Global Business Sector.
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FRANCOISE CHAN, DEA TEP - Director
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Francoise Chan is an Executive Director of Intercontinental Trust Ltd.
She holds a Diplome d'Etudes Approfondies (D.E.A) in "Monnaie, Finance, Banque" and a Maitrise d'Econometrie from the University of Paris 1 Sorbonne, France. She also holds a Magistere d'Economie delivered by the University of Paris 1 Sorbonne in conjunction with L'Ecole Normale Superieure (Ulm) et L'E.H.E.S.S. (l'Ecole des Hautes Etudes en Sciences Sociales) of Paris France.
She was a Senior Manager of a leading managements company where she acquired during 13 years extensive experience in the Global Business Sector. From May 2007 to July 2008 she was Head of Key Business Introducers-Global Business of Barclays Bank Plc, International Banking Divison in Mauritius.
Francoise is also a member of the Society of Trust and Estate Practitioners and the International Fiscal Association.
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NEIL PURESH – Managing Director
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Educated in Mauritius and at the National University of Singapore, Neil Puresh is the Managing Director for Intercontinental Trust (Seychelles) Limited after being the country manager for over four years.
He has worked for five years in the Mauritius international financial and fiduciary services sector within our Group, and has had significant experience reconciling the practical implementation of tax planning strategies with the changing worldwide patterns of regulatory due diligence, compliance and legislative reform.He then relocated to Seychelles in 2006 to set up our office & has been managing it since then.
Neil is also a Member of the Asia Offshore Association and an active member of the Seychelles Association of Offshore Providers and Registered Agents ("SAOPRA") www.saopra.sc. He had been sitting on the Executive Committee for three consecutive years (2007 to 2009) and used to chair the marketing sub-committee of SAOPRA. He is also at the forefront of multiple negotiations & discussions with various Authorities, on the improvement of certain pieces of legislation & guidelines.
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