Corporateculture

Private client business may have been the mainstay of the Isle of Man's trust industry throughout the past two decades but that is beginning to change. Already, the focus for fiduciary service providers is shifting away from wealthy individuals towards the corporate sector and this trend is set to continue. There is already a significant shift in corporate client activity compared with five years ago, when the balance would have been more like 85:15 in favour of private clients. In another five years, this could be an even 50:50. The truth is the real heyday for private client busi...