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ARTICLE · 15 OCTOBER 2017

Foundations – The Newest Instrument In Gibraltar's Financial Toolkit

As I get older, I confess that, on occasion, I hanker after the days when I used to work in a bank.

GibraltarWealth Management

As I get older, I confess that, on occasion, I hanker after the days when I used to work in a bank. Life seemed so much easier in those days. When someone asked me what I did for a living, I could swiftly reply, "I work in a bank". That would satisfy my inquisitor entirely and the conversation could move on.

It wasn't even that bad when I first moved to Gibraltar all those years ago. I simply inserted 'trust company' in place of 'bank' and that did the trick. After all, everyone knows what a trust is, right? So a trust company must just deal with trusts. What could be simpler?

But the world moves on. These days, the group for which I toil daily is more accurately described as an 'international regulated financial services group'. Cue blank stares. As someone said to me at a recent event, "So what's that then? Trusts and stuff, is it?" I had to admit that yes, trusts are a significant part of the business but they are by no means the only thing we get up to – hence

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