First Citizens Trustee Services – Test aw
We leverage the extensive experience we possess to navigate challenges and ensure the success of our clients’ objectives.
Overview
We are the only local Corporate Trustee that boasts such a diverse range of skills and expertise amongst the key personnel dedicated to serving our clients. We leverage the extensive experience we possess to navigate challenges and ensure the success of our clients’ objectives. You can count on our proactive personalized services that are client-focused and tailored to deliver excellent results.
Our team of trust professionals possesses expertise in investment management, accounting, actuarial science, pension administration and law, allowing us to always take a wholistic approach to dealing with complex matters affecting the administration and management of the Trusts under our purview.
Types of Services
The success of any retirement benefit plan depends on a proper governance structure, expert advice and engaged stakeholders. As an independent Trustee, we act as the fiduciary that holds and administers the trust property and assets for the benefit of the Plan members. In addition to our own in-house capabilities, we engage the services of top professionals in the fields of actuarial consulting, auditing, investment management and legal advisory services to ensure that your Plan is managed in the best way possible.
Our role as trustee includes the critical responsibility of ensuring that your Plan operates in compliance with its Trust Deed and Rules and with governing legislation, the Income Tax Act Chap 75:01 and the Insurance Act 2018.
Trusteeship of Retirement Benefit Plans – Pension, Savings and ESOPs
The success of any retirement benefit plan depends on a proper governance structure, expert advice and engaged stakeholders. As an independent Trustee, we act as the fiduciary that holds and administers the trust property and assets for the benefit of the Plan members. In addition to our own in-house capabilities, we engage the services of top professionals in the fields of actuarial consulting, auditing, investment management and legal advisory services to ensure that your Plan is managed in the best way possible.
Our role as trustee includes the critical responsibility of ensuring that your Plan operates in compliance with its Trust Deed and Rules and with governing legislation, the Income Tax Act Chap 75:01 and the Insurance Act 2018.
Pension administration
Accurate recordkeeping and administration of benefits are vital elements in the smooth day-to-day operation of your retirement benefit plan.
FCTSL offers a comprehensive solution using a purpose-built software application for management of Plan members’ data and payment of their benefits upon retirement or leaving service. All records are treated with the strictest confidentiality and subjected to rigorous internal controls to ensure information security is always maintained.
Trusteeship of mutual funds
As an independent body, we ensure the interests of the unitholders of Mutual Funds are protected and statutory requirements are followed in accordance with the Guidelines for Collective Investment Schemes issued by the Trinidad and Tobago Securities and Exchange Commission (TTSEC) and other legislation that governs the operations of a trustee.
Trusteeship/administrative agent services for bonds and loans
We ensure the rights and interests of bondholders are protected and act as a conduit between the issuer of a bond and the bondholders to ensure the efficient flow of information. We ensure that the issuer adheres to all covenants in the legal documentation. As administrative agent of syndicated loans, we also calculate and make payments to lenders, facilitate loan transfers and maintain the register of lenders. We have a proven track record of successfully managing the restructuring of corporate debt and renegotiating terms for bonds and loans to the mutual satisfaction of all stakeholders.
Escrow agent services
A skilled escrow agent can be crucial to the successful completion of your transaction. As a neutral party, FCTSL can provide the support you need for the negotiation, administration and closing phase of your transaction in a way that protects the legal rights of all parties. You can count on our speed, accuracy and confidentiality throughout this process.
Management Team
We are delighted to introduce you to the Management Team of First Citizens Trustee Services.
Carver Trim
General Manager, First Citizens Trustee Services Limited
Carver Trim
General Manager, First Citizens Trustee Services Limited
Carver Trim assumed the position of General Manager First Citizens Trustee Services in February 2023. He has acquired over twenty-five (25) years’ experience in the financial services industry, six (6) of which has included specializing in Trust Services at the Senior Management Level. Carver has overall responsibility for the strategy and operations of First Citizens Trustee Services as well as ensuring its financial viability, while adhering to appropriate standards, policies and procedures. He possesses a Master’s in Business Administration specializing in International Finance, a Bachelor’s in Economics as well as a Post Graduate Diploma in Marketing.
Tessa Clifford
Senior Manager – Trust Services
Tessa Clifford
Senior Manager – Trust Services
Tessa Clifford, an Attorney-at-Law by profession for the past 14 years, assumed the position of Manager, Trust Services at FCTSL in 2010. The services under her preview include trusteeship for bonds and other capital market securities, statutory funds, mutual funds, and government student loan funds. Her main responsibility is to ensure the proper discharge of legal and contractual obligations of the stakeholders of these trust relationships while ensuring that the interests of the trust beneficiaries are preserved.
Antoinette Ernest
Manager – Investment Monitoring & Oversight
Antoinette Ernest
Manager – Investment Monitoring & Oversight
Antoinette Ernest, Manager, Investment Monitoring and Oversight, supports FCTSL’s Trust Services and Pension Administration Departments through the oversight of the investment portfolios of the pension, mutual and other trust funds under administration. She plays a lead role in monitoring the performance of the respective fund managers for which First Citizens Trustee Services acts as trustee. Antoinette has over thirteen (13) years’ experience in the financial services industry of which she worked over eight (8) years as a professional with specialization in investment analysis, bond and equity valuations, yield curve generation and compliance monitoring with respect to bond covenants.
Joanna Blugh
Assistant Manager – Pensions Administration
Joanna Blugh
Assistant Manager – Pensions Administration
Joanna Blugh, Assistant Manager, Pensions Administration, works with the Senior Manager Pension Administration FCTSL’s to ensure the efficient management of Pension and Savings Plans in accordance with terms of the requisite Deeds. She has spent over eighteen (18) years within the Financial Services Sector holding both Managerial and Supervisory positions at both local and international financial organisations.
Office
Fifth Floor East,
Albion Plaza,
22-24 Victoria Avenue,
Port of Spain
Ph: (868) 623-9091-7
Email: trusteeservices@firstcitizenstt.com