News

Aug 01, 2012

Commercial Trust selects International Private Banking Systems as its back office platform

The IPBS eCustody module provides trust clients real time access to their account information from a robust multi-currency accounting and reporting system

Commercial Trust Limited, a Hong Kong registered trust company, is pleased to announce it has selected International Private Banking Systems as its back office systems provider. IPBS is a specialist provider of private banking and wealth management software for the private banking sector. The International Private Banking System is a fully integrated accounting and management information system that provides all of the front, middle and back office support services required by financial institutions, international private banks, trust companies, mutual fund administrators, wealth management professionals and investment and asset managers. IPBS operates around the world, including North, South and Central America, the Bahamas, the Cayman Islands, the Turks & Caicos Islands, Bermuda, Barbados, Jamaica, Anguilla, Uruguay, Vanuatu and Panama. Private banking and wealth management clients include Bermuda Commercial Bank, Butterfield Bank Bahamas, Global Bank Corporation, Royal Fidelity Merchant Bank & Trust, and RBC Capital Markets.

Commercial Trust provides statutory trustee and custodian services for private trust and foundation accounts, asset managers, private estates, and entrepreneurial individuals.

Commercial Trust is a registered trust company in Hong Kong and Switzerland. CmlTrust provides custody and transactional support through HSBC Global in Hong Kong, and is a clearing correspondent of ABN-Amro Bank, Amsterdam.