Through its fiduciary arm of ITA Global Trust Company, the ITA Group delivers trustee and corporate management and administration services to affluent customers, private trust companies, investment funds and privately held firms.
The business of ITA Global Trust Company is expected to be merged with the newly acquired company, which will help the acquirer to further strengthen its footprint in Latin America.
Pending receipt of approvals from concerned regulatory agencies, and until that, both ITA and SCTC will remain operating as usual, and the non Latin America clients of SCTC are transferred to their fiduciary entities in Singapore or Guernsey.
ITA director William Zelaya said, "With the growth of Investors Trust Assurance SPC in Latin America, this acquisition also develops our fiduciary foothold within the region."
Licensed by the Cayman Islands Monetary Authority, ITA Global Trust Company is engaged in trust business and serves a global diversification of clients, including Latin America.
