Hailing from Jersey and a 30-year veteran in the trust services industry, Karen O’Hanlon, brings a wealth of international trust management experience to First Names Group in Singapore, where she is Managing Director. We speak with Karen about her company’s core business and find out that apart from financial assets, one can also put yachts, vintage cars, art and even an aircraft into a trust.
Tell us about the core competencies of First Names Group
First Names Group is the result of a management buyout from a public listed company in July 2012. We are now a leading independent provider of trust, corporate, fund and real estate administration services with 800 employees operating from 14 jurisdictions worldwide. The essence of our business is about the relationships we forge with our clients and third party legal advisers, tax advisers and financiers. Typically, clients create structures to assist with issues such as asset protection, succession planning and consolidation of assets.
Day to day, we administer a range of trusts for private, institutional and corporate clients, such as discretionary trusts, reserved power trusts, bare trusts all holding a variety of assets, including operating businesses.