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Harrington
Trust Limited
Permission requested to use information from http://www.htl.bm
Harrington Trust Limited has provided a comprehensive range of trust,
estate and company administration services to a variety of local and international
clients, both corporate and individual, for more than 40 years.
Argyle House
41a Cedar Avenue
Hamilton HM 12
Bermuda
Tel: +441 298 7878
Fax: +441 296 9825
E-mail: mail@htl.bm
Harrington Trust Limited ("Harrington") has provided a comprehensive
range of trust, estate and company administration services to a variety
of local and international clients, both corporate and individual, for
more than 40 years.
Incorporated as a trust company in Bermuda in 1956, Harrington has established
professional relationships with many of the world’s leading banks,
investment advisors and custodians.
Harrington is owned by the partners of one of Bermuda’s largest
law firms, Appleby Spurling Hunter. With origins that date back to 1897,
and practising in its current form since 1938, Appleby Spurling Hunter
is one of Bermuda’s leading firms, and is able to provide Harrington’s
local and international clients with advice in matters of trust, estate
and corporate planning.
Through its sister companies, Appleby Corporate Services (Bermuda) Limited
and Reid Management Limited, Harrington is also able to offer corporate
administrative and resident representative services to client companies
as well as full management, accounting and consulting services.
Key Service Areas
Harrington serves a wide variety of corporate clients, as well as high
net worth individuals and families.
A licensed trust company under the Trust Companies Act 1991, Harrington
provides a full range of services related to trusts and estates. In particular,
Harrington acts as:
Trustee of family, purpose and charitable trusts;
Trustee of pension and employee benefit schemes;
Executor in relation to the disposition of estates;
Protector in relation to family and charitable trusts to protect the
purposes of the trust and the interests of its beneficiary or beneficiaries;
Enforcer in relation to purpose trusts in accordance with the statutory
provisions of the Trusts (Special Provisions) Act 1989;
Nominee to hold property for the beneficial owner; and
Escrow agent.
Administration of companies owned by client trusts.
Family office facilities.
On the corporate side, much of our work is related to the setting up of
special purpose vehicles ("SPVs") which fill a vital function
in relation to our clients’ corporate structures. These SPVs may
be set up for a variety of reasons, ranging from the commercial leasing
of aircraft, ships or helicopters, to reasons related to financial re-structuring
or debt-raising.
Harrington is able to offer high net worth individuals and families a
full suite of services related to family office planning. Harrington does
not provide banking or investment management services, although the Firm
works closely with offshore investment professionals to establish investment
goals and monitor their performance.
Regulation
All trust companies in Bermuda are licensed in accordance with the Trust
Companies Act 1991. The legislation provides that any company that conducts
trust business must have sufficient personnel with the knowledge, skill
and experience necessary for the conduct of the company’s business,
as well as procedures in place to ensure that those personnel are of sufficient
standard. We are confident that our personnel and procedures more than
satisfy that standard.
All trust companies in Bermuda are also regulated and monitored by the
Bermuda Monetary Authority.
We are also a "regulated institution" as defined by the Proceeds
of Crime Act 1997 and the Proceeds of Crime (Money Laundering) Regulations
1998. This legislation has affirmed Bermuda’s "know your client"
culture, and enhances Bermuda’s reputation as a financial jurisdiction
of the highest integrity.
Confidentiality
Harrington fully understands and respects the need for strict confidentiality.
Our clients can be assured that their affairs will be treated discreetly
and professionally.
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