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Group Chairman’s Welcome

Welcome to Portcullis TrustNet.

In my experience there are six things a person looks for when globalizing business and personal affairs – he or she wants (1) personal attention; (2) expertise; (3) an assurance of legality. He or she also wants the structure to be (4) cost effective; (5) tax efficient; and (6) simple to operate. (The order may vary.)

At Portcullis TrustNet we strive to provide a service that excels in each of these areas. Our clients rely on us for personalised and professional advice and administration. Our commitment is to provide each client with expert, cost-effective implementation of their individual business strategies and tax planning in a lawful and compliant manner. At the same time, through a friendly one on one relationship, we explain all aspects of the structures we arrange.

Financial management efficiency and access to appropriate data on a regular basis are often cited as key needs for family members who have placed their affairs into a family office. Portcullis TrustNet enjoys global access to the tools that are needed to build a lasting family sensitive and business friendly structure designed for wealth preservation and enjoyment. Through extensive contacts with niche experts and many years of experience in establishing trusts, companies and other special purpose vehicles for the high net worth individual, Portcullis TrustNet is able to offer the best of a Family Office at a fraction of its
normal cost.

We are currently witnessing the growth of our organization across all areas of endeavor. The most exciting developments have occurred in relation to the trusts and funds in Asia. This flows in part from the fact that in addition to being the holder of a Trust Business Licence under the Trust Companies Act (Cap 336), Portcullis Trust (Singapore) Ltd is now authorised under section 289(1) of the Securities and Futures Act (Cap 289) to act as a trustee of collective investment schemes authorised under the SFA. We see the growth of Singapore as a centre for wealth management as having a significant impact on its importance for trusts and fund administration. Portcullis TrustNet is well positioned to serve its clients in these areas

I hope you may find the description of the Portcullis Institute and its work to be of interest. Partly in response to growing demand for suitable training in international trusts, the Portcullis Institute is developing a series of in-house seminars and certification programmes suitable for private bankers and other professionals with fiduciary responsibilities.

It is a pleasure for me to welcome you to Portcullis TrustNet in the hope that you too, will soon become one of our valued clients.

Very truly yours
David Chong

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