Daiwa Opens Trust Operation In Cayman

by Carla Johnson, Investors Offshore, London

06 February 2002

Offshore fund servicing specialists, Daiwa Securities Trust and Banking (Europe) plc, (DSTBE), announced it has established a company in the Cayman Islands - G.A.S. (Cayman) Limited. DSTBE, which has been providing fund services since 1990 and enjoys a reputation as a high quality provider, particularly in the area of alternative investments, said this latest development is in response to an increasing demand from clients for an integrated offshore fund service covering the areas of fund establishment, administration custody and trusteeship.

Executive Director, Karl McEneff commented, "The market for offshore fund services is enjoying rapid growth, principally in the areas of hedge funds and funds of funds in Europe. The establishment of G.A.S. (Cayman) will enhance our ability to deliver a quality integrated solution to our clients."

Daiwa Securities Trust Company specializes in providing Trust Investments and Custodial Services to institutional clients in the U.S. and abroad. Daiwa Securities Trust Company offers a full range of trust services in the U.S. and around the world designed to meet clients' specific fiduciary requirements. Trust services include:
Collective trust funds; Common trust funds; Unit trusts; Master trusts; Employee benefit trusts; Corporate trusts; Special purpose trusts; Escrow accounts.

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