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Simon Duggan, managing director, Knox House Trust

Date: 23 Sep 2015

Citywealth

Managing director Simon Duggan talks to Suzanne Isaacs about Knox House Trust and his role in its expansion.

Can you describe KHT and the work that it does?

We are an independently owned and managed trust and corporate service provider, predominantly based in the Isle of Man but with offices in Manchester, Aberdeen and London. We are a financial services group with full fiduciary and corporate service to a UK and international client base. We are fully regulated by the Isle of Man Financial Supervision Commission and employ eighteen staff.

What is your role within the business?

I am the managing director and with that have full responsibility for the day-to-day management and operational aspects of the business. Key to this is delivery of service to our clients which is at the core of everything we do. Without them, we are nothing.

Tell me about market conditions.

The offshore fiduciary market is a changing one. We are working within an ever increasing regulatory and compliant framework of global transparency. This, together with numerous other measures generally, not least those announced in this summer’s budget, has and will continue to affect the profile of many of our clients. New clients will now need to be professionally represented, prepared to be transparent with sufficient wealth at entry level to benefit from our offshore planning.

What developments or trends have you noticed?

We have a number of enquiries from clients interested in two main markets, which are UK commercial property and to a lesser extent, residential property, both through direct investment or regulated Funds. The second area is luxury assets, be they yachts, private aircraft or fine art. Tax planning is still important for many clients, however…To read the full article, please subscribe to our e-magazine.

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