Half Day Private Trust Company Workshop

Date:

27 March 2025, Thursday

Time:

01.00 - 05.35PM

Venue:

NTUC Centre

1 Marina Boulevard

Level 8, Room 801

Singapore 018989

Details/ Promotion:

Please click here for more details and to register.
Accredited tax professionals enjoy preferential rate!

Contact:

Please refer to organiser’s webpage here.

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Programme Synopsis

This focused half-day workshop by STEP Singapore provides a comprehensive overview of critical topics related to the formation, operation, and management of private trust companies (PTCs).

Designed for professionals involved in trust and estate planning, compliance and governance, the workshop will cover the latest disputes involving PTCs, discuss AML compliance obligations and best practices in developing robust governance structures for PTCs.

Programme Outline

1.00 – 1.55pm Registration and Standing Buffet Lunch

1.55 – 2.00pm Opening Remarks & Introductions

Mr. Peter Milnes – Partner, Rawlinson & Hunter (Singapore) Pte. Limited

2.00 – 3.00pm Advisory for setting up the PTC

What is a PTC ?
Why use a PTC instead of a reserved power trust?
Profile of families that will use PTCs, their knowledge and expertise in trust administration
⁠Showcase of PTCs that work and those that failed

Speakers:

Ms. Nancy Chien – Partner, Bedell Cristin Jersey Partnership

Ms. Goh Eng Cher - Wealth Advisor (China), J.P. Morgan Private Bank

3.00 - 4.00pm Operational and administrative issues

What are the administrative requirements of a PTC?
Does the family have to right skills or hire the talents with expertise on trust administration?
What are the administration challenges? How can Licensed Trust Company (LTC) and private client practitioners support the family in making the PTC a success?
Expectations and extent of AML obligations – compliance oversight by LTCs

Speakers:

Dr. Genevieve Brunner - Head of Compliance, BOS Trustee Limited, Bank of Singapore

Mr. Peter Milnes – Partner, Rawlinson & Hunter (Singapore) Pte. Limited

Mr. Shawn Wang - Director, Head of Trust Services, Ocorian Singapore Trust Company Pte Ltd

Moderator:

Mr. Peter Milnes – Partner, Rawlinson & Hunter (Singapore) Pte. Limited

4:00 – 4.30pm Coffee Break

4.30 – 5.30pm Considerations for contentious matters

How can a PTC withstand an attack from creditors or family members?
Once a trust is set up can the PTC still alter the distribution direction? Can a PTC be adept and agile to families' changing needs and adjust to suit?
What have we learnt from cases in relation to trustee's fiduciary duties and investment powers?

Speakers:

Mr. Afzal Ali – Partner, Allen & Gledhill

Mr. Loh Kia Meng - Chief Operating Officer and Senior Partner, Dentons Rodyk

Mr. Marcus Parker – Partner, Stewarts

Moderator:

Ms. Helen Wang – Partner, Carey Olsen Singapore LLP

5.30 - 5.35pm Closing Remarks

Ms. Helen Wang – Partner, Carey Olsen Singapore LLP

About the Presenter(s)/ Trainer(s)

Mr Peter Milnes
Partner
Rawlinson & Hunter (Singapore) Pte. Limited

Rawlinson & Hunter’s Singapore office is headed by our resident Director Peter Milnes. He has over 20 years of international experience focused on Asia and the Middle East. Peter has extensive experience in statutory accounting in Singapore, Thailand, Indonesia, UK, US, UAE, and France, as well as in depth knowledge of trust accounting and tax structuring in various jurisdictions. Familiar with management reporting in both large MNC’s and smaller organisations, Peter has a unique skill base and understanding of the accounting and structuring requirements of large organisations, family offices and boutique enterprises.

Peter is a Fellow Management Accountant (FCMA/CGMA) and a Chartered Accountant of Singapore, with degrees in Economics and Economic History, and has wide-ranging experience working for family offices and major financial institutions. Peter is also TEP qualified and a member of the STEP Professional Standards Committee.

Ms Helen Wang
Partner
Carey Olsen Singapore LLP

Helen Wang TEP is a partner in our litigation, insolvency and restructuring practice in Singapore. She specialises in complex commercial litigation, shareholder disputes, estate and private clients related disputes, fraud and investigatory cases and insolvency and restructuring matters.

Helen has been listed as a Next Generation Partner in The Legal 500 Asia 2024 Guide. She has also been recognised as a Rising Star in China Business Law Journal's 2023-24 A-List of elite private practice lawyers in the Chinese market. She has also been named in the Asian Legal Business (ALB) Asia Super 50 Disputes Lawyers (2024), Offshore Client Choice List (2023 and 2024), Top 10 Offshore Litigators (2023 and 2024) and Asia 40 under 40 List (2023).

Helen is also an elected member of the STEP Contentious Trusts and Estates Special Interest Group Steering Committee.

Mr Afzal Ali
Partner
Allen & Gledhill

Afzal’s main areas of practice include commercial litigation and international arbitration.

Afzal has represented clients over a wide array of commercial and corporate disputes banking disputes, shareholder and joint venture disputes, trust disputes, employment disputes and libel claims. He has acted for statutory boards, public healthcare institutions and large corporates, including banks and institutional trustees.

He has appeared as lead counsel both in the High Court (General and Appellate Division) and the Court of Appeal of Singapore.

Afzal is qualified both in Singapore and in the state of New York.

Dr Genevieve Brunner
Head of Compliance
BOS Trustee Limited, Bank of Singapore

Dr. Genevieve Brunner is a seasoned compliance professional with over 15 years of expertise in Financial Crime Compliance (FCC) and Regulatory Compliance within the banking and trust sectors. She is the Head of Compliance and MLRO for BOS Trustee Limited and has played a pivotal role in designing and implementing the compliance framework (including higher risk assets and complex structures), enhancing due diligence processes, and fostering a strong culture of compliance.

With a Doctorate in Law from the University of St. Gallen (Switzerland) and an LL.M. from NUS, Genevieve brings legal and regulatory insights to complex compliance challenges. She is a full qualified member of the Society of Trust and Estate Practitioners (STEP).

Ms Nancy Chien
Head, International Private Client Practice
Bedell Cristin Jersey Partnership Limited

Nancy has over 20 years of legal experience in both the private client area as well as the corporate sphere. Nancy advises ultra-high net worth families, family offices and intermediaries from all over the world on all aspects of private client structuring including the use of trusts and foundations, as well as related corporate law issues (including where such vehicles are used for philanthropic purposes). She has considerable experience with high value and complex family governance structures, including ones where the founders wish to retain a degree of control over their family assets.

Nancy also advises regularly on matters involving family disputes and disputes between trustee and beneficiaries. She works closely with her litigation colleagues for matters which require a court application.

Nancy is qualified in 4 jurisdictions, being Jersey, BVI, England and Wales and New Zealand. She is the only Jersey qualified advocate who can speak Mandarin. Nancy also has considerable experience with employee incentive arrangements as well as regulatory matters affecting offshore vehicles and service providers, including FATCA, the common reporting standard (CRS), economic substance and disclosure requirements.

Mr Loh Kia Meng
Chief Operating Officer and Senior Partner
Dentons Rodyk

Kia Meng co-heads the firm’s Trust, Estates, and Wealth Preservation Practice, where he represents private trust companies, private banks, wealthy families, and UHNWIs on matters such as contested wills, probate, trusts, mental capacity under the Mental Capacity Act, testamentary capacity disputes, allegations of undue influence, defamation, asset/property allocation disputes, and estate administration.

Kia Meng also advises on wealth preservation, family business structuring, investment immigration, family succession, and legacy planning. He works closely with private banks, family offices, trust companies, and real estate firms to advise wealthy families and high-net-worth-individuals on a spectrum of issues. A veteran lawyer with over two decades of experience,

Kia Meng is highly regarded in the industry and ranked in legal directories for his expertise in private client and private wealth law.

Mr Marcus Parker
Partner
Stewarts

Marcus has 30 years of experience as both an English trusts lawyer and as a former Cayman-based professional trustee and director on the Board of a number of PTCs. The main part of Marcus’s practice involves managing high value and often high-profile disputes involving wealthy global families and their associated offshore structures. He is also a leading expert on “stress testing” trusts which aims to prevent disputes arising.

Marcus has been described as a "stand out partner who is assured and hugely knowledgeable" with "considerable experience as an offshore trustee which gives him a valuable perspective that other lawyers lack".

Mr Shawn Wang
Director, Head of Trust Services
Ocorian Singapore Trust Company Pte Ltd

Shawn is the Head of Trust Services at Ocorian Singapore Trust Company (OSTC), leading the private clients’ team that oversees the management of fixed and discretionary trusts, purpose trusts, private unit trusts, employee benefits trusts and family office structures. As the resident manager and a board member of Ocorian Singapore Trust Company,

Shawn also oversees the statutory and regulatory obligations of the firm. As an experienced wealth planner, Shawn has partnered with ultra-high net worth (UHNW) families, entrepreneurs and businesses for many years. He works closely with his clients to oversee the strategic implementation of complex wealth planning solutions, tailored to meet the estate, succession, investments, tax and regulatory requirements and objectives of his clients. He has also assisted his clients with venture capital, private equity and digital assets investments, taking into consideration their individual objectives and circumstances.

Shawn is a full qualified member of the Society of Trust and Estate Practitioners (STEP).

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