PTC and DTC: a new perspective from Switzerland

Abstract This article analyses the use of private trust companies and dedicated trust companies (DTCs) in Switzerland. The Swiss trust industry has evolved steadily over the last few years, thanks to the creation of a solid regulatory framework. Professional trustees are now qualified as financial i...

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Bibliographic Details
Published in:Trusts & trustees 2023-09, Vol.29 (6), p.609-619
Main Author: Turato, Filippo
Format: Article
Language:English
Subjects:
Analysis
Corporate governance
Deregulation
Economic aspects
Estate planning
Evaluation
Family corporations
Family-owned business enterprises
Intergenerational transmission
Laws, regulations and rules
Licensing, certification and accreditation
Management
Methods
Privacy, Right of
Private companies
Professionalization
Social aspects
Trusts and trustees
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Summary:Abstract This article analyses the use of private trust companies and dedicated trust companies (DTCs) in Switzerland. The Swiss trust industry has evolved steadily over the last few years, thanks to the creation of a solid regulatory framework. Professional trustees are now qualified as financial institutions, subject to licensing requirements and placed under the supervision of the Swiss Financial Market Supervisory Authority. This regulation introduced Swiss DTCs as a type of private trust company. DTCs are independent of the family, being held and supervised by a licensed trustee, and allow full flexibility in terms of governance evolving in the concept of a Swiss single-family office.
ISSN:1363-1780
1752-2110
DOI:10.1093/tandt/ttad045