Trustcorp Services Ltd and other associated businesses – but not Trustcorp Jersey Ltd – has been found by the regulator to be ‘not fit and proper’ to be registered for the conduct of trust company business.
Its five principals Michael Kenney-Herbert, David William Roberts, David Hill, William Thomas Davies and William Simpson have all been named as having exercised ‘seriously deficient’ corporate governance.
An investigation by the Jersey Financial Services Commission focused, albeit not solely, on business introduced to TSL by intermediaries based in the Far East.
Fitness
