Globally oriented clients trust independent fiduciary KENDRIS
Wholly owned by its management and employees and without exclusive ties with any bank or global organisation, KENDRIS is free to find the right partners and products for its clients
Country Business Reports interviews and articles by Discovery Reports www.discoveryreports.com
In the past three years, Asia has become an even more important market for leading independent and globally oriented Swiss fiduciary KENDRIS, with the region’s fast-growing high-net-worth population increasingly leaning towards acquiring and maintaining cross-border assets.
“Japan and Hong Kong are traditionally our largest markets in Asia,” says Christian Lyk, a partner at KENDRIS. “But now we are taking a closer look at mainland China. Wealthy Chinese individuals and their entities are more and more making investments out of Asia and need a reliable partner with vast experience in international asset structures. This is where we play a vital role.”
Bearing more than 100 years of expertise, KENDRIS offers the full spectrum of financial services, but deliberately excluded asset management to preserve its independence. Wholly owned by its management and employees and without exclusive ties with any bank or global organisation, KENDRIS is free to find the right partners and products for its clients.
“Our independence truly distinguishes us and assures our clients that their interests always come first,” Lyk says.
Aside from its established competence in the areas of trust and fiduciary services, family office, accounting, outsourcing and art management, KENDRIS has built up its tax and legal advisory practice to cope with new regulatory realities. As part of this initiative, KENDRIS has fully digitalised its procedures to meet reporting requirements under the Foreign Account Tax Compliance Act and Common Reporting Standard.
KENDRIS provides its tailor-made solutions to clients from 83 countries, including financial institutions, law firms, tax consulting companies, family offices and owner-managed businesses in addition to high-net-worth individuals. It has an interdisciplinary team of specialists based at its head office in Zurich and five branches in Aarau, Basel, Geneva, Lausanne and Lucerne. KENDRIS also operates through KENDRIS Austria and recently established trust company KENDRIS TRUSTEES (USA). KENDRIS additionally relies on its global network of experts to maintain its personalised approach of dealing with clients.