Guernsey's Nerine Develops Domestic Trusts For India

Guernsey's Nerine Group has developed a domestic trust solution for Indian nationals as part of its work as the only independent trust company with an office in India.

Nerine was the first Channel Islands independent trust company to open an office in India with the launch of Nerine Advisory Services Pvt Limited in Delhi in 2011, which was followed later that year by the incorporation of Nerine Trustee Company Pvt Limited.

Nerine Client Services Director Mark Biddlecombe said: "Our business focus in India has always been assisting clients with their planning for inward investment into the region, helping Indian clients with international business interests as well as developing succession planning arrangements for domestic Indian assets. The natural progression for succession planning was developing our domestic trust offering.