Lyon Trust Brochure

LION TRUST (SINGAPORE) LIMITED

Your Trusted Partner

LION TRUST (SINGAPORE ) LIMITED

Lion Trust (Singapore) Limited - A licensed trust company under the Singapore Trust Company Act

“We believed that a

good fiduciary structure

like a trust, helps not only

preserve our clients’

assets but should also

offers our clients a high

degree of flexibility over

the management and

distribution of such

assets.”

The role of a trustee is an extremely important one. Choosing the right trustee is essential to successful wealth preservation and a PEACE OF MIND. We work closely with you, your families and advisors to determine the right structure appropriate for your needs and circumstances. We believe our customised trust and related services can help preserve your assets as well as offer you a high degree of flexibility over the management and distribution of these assets


Corporate Profile

“We provide customised wealth management solutions. We work closely with bankers, legal professionals

and accountants to develop appropriate solutions for our clients. We assist clients in obtaining the necessary

financial and legal advice to achieve their ultimate wealth management objective”

Independent Trust Company

Lion Trust (Singapore) Limited is a trust company licensed and regulated by Monetary Authority of Singapore. Being independent of banks and financial institutions, we are well poised to offer products and services that best serve the needs of our clients. We work closely with bankers, fund managers, lawyers and accountants to serve the best interests of our clients.

Managed by Dedicated Trust Professionals Lion Trust is professionally managed by trust practitioners with banking and corporate, legal and accounting backgrounds. We have the technical expertise to draw up customised structures for our valued clients.’

Extensive Network Reach Our clients and business associates span across international networks, particularly in Asian jurisdictions such as Indonesia, Taiwan, Hong Kong, China, Vietnam, India, Thailand and Japan


Our Business Model - Listen, Explore, Develop, Execute and Monitor

There are many reasons why an individual or a corporate body would want to create a trust. We listen to the needs of our clients before recommending any particular form of trust solutions, taking into account the different objectives such as investment strategy, asset protection, estate planning, distribution of wealth, tax considerations etc.


Standard Trust For clients who wish to pass down their established legacy to their beneficiaries. It is often used to ensure family members are well taken care of after the demise of the settlor. Another possible objective includes avoiding forced heirship rule.

Share Distribution Trust This type of trust is typically used by clients to hold their offshore companies and ensure that their beneficiaries take over the companies upon their demise without protracted probate administration.

Insurance Trust A trust established solely to hold insurance policy or policies as the underlying asset(s). The objective is to simplify the redemption process whereby the trustee, the named beneficiary, is able to disburse the policy payout in accordance with the wishes of the settlor

Private Unit Trust Private unit trust is a highly customised trust solution that allows clients to better manage and consolidate their diverse investments. By appointing managers to manage the unit trust, it provides opportunities for clients to invest into specific or targeted areas of interest. Lion Trust, aside from acting as trustee, will provide independent net asset valuations and ensure that the trust is managed in accordance with the trust instrument

Private Client Services


Securitisation Trusteeship More forms of businesses are beginning to recognise the merits of assets leasing/financing. This allows the company to better manage their cashflow. Lion Trust has the technical experience and expertise to assist companies in executing these forms of niche financing. As an independent trust company, we are able to act independently and impartially as a securitisation trustee.

Bond Trusteeship The role of a bond trustee may also be required in structured corporate finance deals which differ slightly from a securitisation trustee. As a bond trustee, Lion Trust would collectively represent the bond holders who have invested their monies ensuring that their interests are equally protected.

Escrow Services As an independent escrow agent, we will receive and disburse money and/or documents to two or more transacting parties, with the timing of such disbursement being dependent on the performance by the parties on the contractual provisions that have been agreed. This will essentially provide a peace of mind to the contracting parties in specific financing or asset acquisition transactions and even in bankruptcy or judicial management proceedings.

Corporate Trust Services


Incorporation and management of Companies We can assist in setting up holding companies in different jurisdictions for clients. We provide full company administration services to such clients.

Nominee Services We provide nominee shareholder services where we hold shares on behalf of the beneficial owner. The shares and all the income arising from the shares are held in accordance with the wishes of the beneficial owner. As a nominee director, we assume directorship in a corporate body on behalf of the principal. We will carry out all the legal and statutory duties required of a director.

Holdmail Services We provide registered or correspondence address services. All correspondence received by us on behalf of the specified company or entity will be re-directed to a specified address, as instructed. Alternatively, we may also hold the mail for weekly / monthly collection if we are instructed to do so.

Company Management Services


Fund Administration Services We act as administrator for mutual funds and unit trusts (collective investment schemes). This service includes fund accounting and valuation, record keeping, paying of bills, banking transactions and other miscellaneous services.

Acting as Transfer Agent As a Transfer Agent, we ensure that there are proper receipt and distribution of monies from the fund to investors and vice versa. We also maintain the register of shareholders / unitholders which record details of fund subscriptions, transfers and redemptions.

Setting up of Mutual Funds/Unit Trusts We work with fund managers to set up offshore and local funds. We provide guidance on the structure and the launch of the funds, including the selection of banks, broker accounts, investment managers and other service providers.

Fund Services


Singapore – The preferred Jurisdiction

“Singapore is one of the leading financial centers of the world and has revamped and updated its trust laws. This makes it an obvious choice of jurisdiction to create trust structures”

Strong Regulatory and Legal Framework

Singapore laws are mirrored and based on the English common law system with repute of an efficient and reliable legal system. Modern trust laws legislation in relation to forced heirship and settlor’s reserved powers of investment are in place to ensure that Singapore remains relevant with the international trust standards.

Proactive Leadership

Singapore, a highly acclaimed politically safe and stable country, is managed by proactive leadership. The quick response to global changes and crisis by its leaders has attracted many financial institutions to set up base in Singapore.

Availability of Wealth Management Specialist

Aside from developing local wealth management specialists, Singapore has attracted specialists from all over the world that includes legal, tax and audit professionals

Strategic Location & No Key Time Differences with most Asian countries

Singapore is strategically located to serve people from all over the world. This allows it to serve and connect to the vast majority of Asian high-net-worth individuals without any hassle as there are no key time differences between Asian countries.

Confidentiality

The duty of confidentiality is owed by financial institutions to their clients and Singapore has strict statutory banking secrecy laws on disclosures. Though Singapore is in the white list of OECD, it does not allow “fishing” expeditions by treaty nations.

Tax Friendly Singapore has statutory tax provisions that exempt taxes from specified income earned in a foreign trust. Unlike many developed economies, Singapore characterise tax based on a territorial tax regime, where taxes are imposed on income earned or remitted into Singapore. As at 9 Mar 2011, Singapore has signed 64 comprehensive double taxation agreements (DTAs)


Ashley Ong, Executive Director With over 15 years experience in the trust industry, Ashley brings a wealth of knowledge and skill to Lion Trust. Ashley was a director with HSBC Trustee (Singapore) Limited prior to joining Lion Trust. During his tenure with HSBC Trustee, he acquired valuable knowledge and experience in operations, client services, corporate trust services and business development. Ashley obtained his first degree majoring in Banking and Finance from Monash University and Masters of Business Administration from National University of Singapore. He is also a member of the Society of Trust and Estate Practitioners, Singapore.

Yvonne Lee, Director, Legal & Compliance Yvonne holds a LLB (Hons) degree from the National University of Singapore and is an Advocate and Solicitor of the Singapore Bar in 1996. Prior to joining Lion Trust, she was a tax adviser with Ernst & Young, Singapore from 2000 to 2007. She advised clients on corporate income tax issues arising from company restructurings, corporate mergers and amalgamations and corporate finance transactions. She was also involved in advising on tax issues relating to Real Estate Investment Trusts and other corporate and private trust structures. Yvonne was previously with a legal firm Lee & Lee from 1996 to 2000. Before that, she held a short stint as a trust administration officer with HSBC Trustee (Singapore) Limited.

Our Dedicated Team


Rex, Executive Director, Head Business Development (North Asia) Rex joined Lion Trust in 2008 as a senior consultant. He brings to Lion Trust over 20 years of experience in wealth management advisory. His vast experience and profound knowledge in the financial environment (especially in North Asia) and his ability to converse and write fluently in both English and Mandarin makes him a valuable team member of Lion Trust. Rex obtained his first degree in Accounting with TamKang University, Taiwan. After graduation, Rex started his career as a senior auditor and tax advisor in Arthur Andersen before joining Merrill Lynch (ML) in 1989 as a Financial Advisor. Over the 17 years in Merrill Lynch (both Taipei and Singapore) where he saw through several financial market cycles, Rex was actively involved in advising and establishing wealth preservation structures for his high net worth clients that weathered the cycles. Today, many of his clients and associates are his personal friends. After leaving Merrill Lynch, Rex joined LGT Private Bank Singapore as a Managing Director and member of the Strategic Planning Committee (Asia).

Our Dedicated Team


Jamil Mohamed, Director, Business Development Jamil is a key team member of business development. He specialises in the Indonesian and regional markets. Prior to joining Lion Trust, Jamil was with several fund management firms that have operations in both Singapore and Indonesia. His responsibilities included fixed income management, equity and distressed assets management, marketing of Asian bonds and loan investments and advising on corporate financing. Given his vast experience, Jamil is able to provide feasible structures to our clients. Jamil started his career with HSBC Trustee (Singapore) Limited as a client services executive for 8 years. He was involved in mainly corporate trust work and is very familiar with unit trusts / mutual funds and fund administration services.

Lynette Lee, Manager, Client Services Lynette holds a bachelor of accountancy from Nanyang Technological University and is a Certified Public Accountant. Prior to joining Lion Trust, Lynette was a Risk Manager with United Overseas Bank from 2004 to 2010. During this time she acquired valuable knowledge on compliance, risk management and client services. Lynette was also previously with Foo Kon Tan Grant Thornton and audited corporate local and foreign businesses. Lynette adds her considerable experience in risk management, auditing and client services to Lion Trust

Our Dedicated Team


Contact Details

Lion Trust (Singapore) Limited 20 Cross Street #02-18 China Court Singapore 048422 Contact Numbers: Office: (65) 6533 5206 Fax: (65) 6533 0627 Email: [email protected]


This presentation does not constitute legal, accounting, tax, or consulting advice and should only be used only in conjuntion with the appropriate professional advice obtained by the reader from a suitably qualified professional.

The information presented is prepared for the general audience. It has not been tailored for the specific needs and circumstances of any individual.

The information contained herein has been obtained from sources believed to be reliable by Lion Trust (Singapore) Limited and we do not represent or warrant that it is accurate or complete. The views reflected herein are those of Lion Trust (Singapore Limited) and are subject to change without notice.

This document is private and confidential and may not be distributed to anyone other than the recipient without the consent of Lion Trust (Singapore) Limited

Disclaimer

Lyon Trust Brochure

Documents

key time differences

acquired valuable

joining lion

client services

business development

lion trust

risk management

work closely