Ogier’s Jersey and Hong Kong offices have advised on the establishment of the first ever Managed Trust Company in Jersey for a Chinese institution.
The Jersey Financial Services Commission has issued a licence to Ark Trust (Jersey) Limited, a subsidiary of Chinese firm Noah Wealth Management.
Under the terms of the licence, Noah will be able to offer Jersey trust structures to clients, but the administration will be provided by an existing trust services provider based in Jersey.
Raulin Amy led the Jersey team including Katherine Neal and Steve Meiklejohn on the work, while the Hong Kong element of the work was led by Lara Mardell.
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