Intertrust Group Holding S.A.
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| Public, Naamloze vennootschap (NV) | |
| Industry | Professional services |
| Founded | 1952 |
| Headquarters | Amsterdam, Netherlands |
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Key people
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David de Buck (CEO), Ernesto Traulsen (CFO), Hélène Vletter-van Dort (Chairperson Supervisory Board)) |
| Revenue | €345 million (2015) |
| €2.6 million | |
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Number of employees
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1,700 |
| Website | intertrustgroup |
Intertrust Group (incorporated as Intertrust N.V.) is a publicly traded international trust and corporate management company based in Amsterdam, Netherlands. The company is best known for its fiduciary services, which includes tax, trust, business management and outsourcing processes. It is the largest trust office in the Netherlands, measured by number of shell corporations managed.
Intertrust's origins date back to the incorporation of NV Trust Corporation Pierson, Heldring & Pierson in 1952. David de Buck has been the company's chief executive officer since 2009.
Intertrust has locations in North America, South America, Europe, Asia and the Middle East, but most of its revenue stems from a small number of tax havens. The company is listed on Euronext Amsterdam Stock Exchange. Intertrust's clients include 60% of the top 10 of the Fortune Global 500, and thirty out of the world's fifty largest private equity funds. It does not disclose which companies these are.
In 1952, NV Trust Corporation Pierson, Heldring & Pierson was incorporated in Curaçao by Pierson, Heldring & Pierson. In 1975, AMRO Bank acquired Pierson, Heldring & Pierson and ABN Bank acquired Mees & Hope Bankers. After the merger of ABN Bank and AMRO bank into ABN AMRO in 1991, Pierson, Heldring & Pierson and Mees & Hope Bank were merged into MeesPierson in 1993. The trust and corporate management services activities were branded as MeesPierson Trust.
In 1997, MeesPierson was acquired by Fortis. In 2002, MeesPierson acquired Holland Intertrust Corporation and rebranded as MeesPierson Intertrust. The company adopted its owner's name in 2006 and rebranded as Fortis Intertrust. During its time as a Fortis subsidiary, Intertrust was involved in "dubious" transactions surrounding FIFA officials, though this would only become known after the Panama Papers leak of 2016.
In June 2009, Fortis Intertrust was rebranded as Intertrust Group. It was sold to Dutch investor, Rob Thielen's, Waterland Private Equity Investments for a reported price of either €210 million or €250 million.
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Wikipedia