Swiss trustees – a regulatory perspective




The Swiss wealth management industry is one of the world's largest cross-border ecosystems offering a wide range of solutions, including trusts. As a result, wealth owners often ask which criteria they should select their trustee. Marc Blumenfeld, the founder, and managing director of Swiss compliance, regulatory, and legal services provider, shares his thoughts on Switzerland's regulatory framework for trusts and why you should aim for a long-term relationship with your trustee based on a structured selection approach. Trustees should provide regular accounts and reports to the beneficiaries or the protector to ensure ongoing control. Furthermore, robust governance enables them to act timely and, if needed, replace the trustee before any damage is inflicted.

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