Case Study: How A Jersey Private Foundation And Family Charter Fixed A HNW Family's Governance Issues

As a family's wealth increases and its members become increasingly globalised, Lynda O'Mahoney demonstrates how an experienced private wealth service provider can support a family to protect, preserve and plan for its future.

The client

A high-profile and well-respected Saudi Arabian trading family.

The challenge

The family had become dissatisfied with the level of administration and record keeping of an existing structure. They asked Ocorian to urgently assist in rectifying the work of the incumbent trustee.

Solution

Ocorian thoroughly reviewed the existing structure and following tax and legal advice, established a Jersey private foundation to act as trustee and assist in the migration of the underlying entities to Jersey.