Balancing entrepreneurship with control and risk management – that is what good corporate governance means to us at Intertrust. It implies organising our businesses and activities for growth and long-term sustainable success, while effectively keeping sight of, and managing the risks that come with that growth.
Our Board has a crucial leadership role in guiding Intertrust to success through responsible and efficient decision-making. Good governance is also about the commitment of every employee at all levels in our organisation. In their daily work environment all employees must aim to achieve an optimum balance between performance, risk and control. Corporate governance has been at the core of a continual stream of new laws, regulations and best-practice guidance in different countries, affecting international organisations and institutions.
At Intertrust, the Dutch Codes of Corporate Governance apply. We believe that corporate governance means more than simply complying with a code. As a financial services institution, we believe that a strong culture of corporate governance and ethical behaviour and decision-making is fundamental to the way we do business. We therefore keep a very close eye on best practices and we constantly evaluate and improve our own governance framework in accordance with best practices. This section of our website describes governance at Intertrust. We are confident that creating a clearly defined framework for corporate governance will help us to communicate better with all our stakeholders.
David de Buck
CEO Intertrust
More information on the way we are organized:
Management board
The Management Board is responsible for managing the activities of the Intertrust Group. The Management Board consists of 8 people with collective responsibility with each of its members having specific responsibilities for given areas. The Management Board meets in principle on a monthly basis in Amsterdam.
David de Buck (1967), CEO, has 24 years of international experience in the financial services industry, having lived and worked in Paris, Hong Kong, London, Brussels, Amsterdam and Rotterdam. David has held various global leadership functions in the banking industry, including global responsibilities for commodity finance and trading, project & acquisition finance for the energy & utilities industry and telecoms, media & technology industry. David has a vast background in renewable energy. He was a Director of the European Carbon Fund, a Member of the Supervisory Board of Fortis Groenbank, and under his leadership Fortis gained a global leading position as (project) financier and (tax) investor in renewable energy. Before his appointment as CEO of Fortis Intertrust (March 2009), David was CEO of Fortis Lease Group. David holds a BBA from the University of Nyenrode, Breukelen, the Netherlands.
Ernesto Traulsen (1961), CFO, has 24 years of international finance and operations experience. He holds an MBA from McGill University and a degree in electrical engineering from the University of Texas at Austin. Ernesto joined Intertrust in 2007 and is responsible for financial operations and information technology. Between 2003 and 2006, he was CFO, Group Operations Director and Board member of SICPA, a Swiss privately held company manufacturing security and packaging inks. He also has an extensive international career with Eli Lilly (’89-’03) covering positions in finance, business development and customer service. His last 2 positions were Area Finance Director for Central Eastern Europe, Africa, Middle East and CFO Mexico. Prior to his MBA, he worked as a systems analyst with Procter & Gamble. Ernesto is a German/Mexican citizen and lives in Switzerland with his wife and three children.
Carlo Roelofs (1963), Chief Strategy and Development Officer, brings at least 18 years’ experience in the Banking, Insurance and Trust industries, and in tax and legal advisory. Carlo is also Managing Director of the Netherlands office. He holds an International MBA from Nyenrode Business University (the Netherlands) and degrees in both civil and tax law.
Henk Pieter van Asselt (1970), Member of the Board, holds a Master’s degree in civil law from the University of Amsterdam, the Netherlands. After his graduation, Mhenk Pieter started his career as an international management trainee within Investment Banking at ABN AMRO Bank. He joined ABN AMRO Trust in 1997, where he held legal, commercial and management positions in the Netherlands, Curacao and New York. In 2003, Henk Pieter joined Intertrust in New York and expanded operations in North America, before moving to London to re-start the UK and Ireland offices. In 2008, Henk Pieter was appointed Global Head of Business Development to maximize synergies within Intetrust’s global network.
Eric Magrini (1963), Member of the Board, brings more than 18 years’ experience in the trust and corporate management services industry, and expertise in the field of financial engineering. Eric is Managing Director of the Luxembourg office since 2008. He started his career as a lawyer, in 1991, worked at Deloitte & Touche (1993) and KPMG (1997), before joining Intertrust in 2004. Previous to his appointment as Managing Director, Eric held the position of Director, Member of Management responsible for the Southern Europe and Latin America markets. Since 2011, Eric Magrini is member of the Board of LIMSA. Eric holds a master degree in commercial, corporate and tax law, a post-graduate in insurance law from the University of Aix en Provence – Marseille III (France) and is a member of the Luxembourg Bar.
Mick Cahill, (1959), Member of the Management Board, has worked in the fiduciary services sector in Guernsey since 1987. In addition to being of Managing Director of Intetrust Guernsey, his role extends to coordinating the strategic development and expansion of the group’s global private wealth services operations. Mick has also been an integral part of the development of Intertrust Fund Services (Guernsey) fund administration arm and has held board positions on two companies listed on the Alternative Investment Market of the London Stock Exchange. Mick is an Associate of the Institute of Chartered Secretaries and Administrators. In his spare time Mick is an avid supporter of rugby and the Guernsey Rugby Academy.
Angelica Thijssen (1966), Member of the Board, is responsible for Group Human Resources and Corporate Social Responsibility. Angelica has worked in financial services for 22 years. She has held commercial and business development positions in international banking for 10 years, including global export & project finance and trade & commodity finance. For the past 12 years she has held several senior management positions in human resources, from general HR management to global talent management. Angelica is active in various formal networks in the field of leadership development, HR and CSR. She acts as a moderator of leadership dialogues at the European Leadership Platform. Angelica holds a Master's degree in Law from the University of Maastricht and an Msc in Economics from the London School of Economics.
Linburgh Martin, (1968) is Member of the Board and Managing Director of Intertrust (Cayman) Limited and its affiliated firms. As a Member of the Institute of Chartered Accountants in England & Wales, a Member of the Society of Trust and Estate Planning practitioners, and Deputy Chairman of the CIMA Board of Directors, he brings more than 20 years of experience in financial services. Linburgh is a notary public and holds a Bachelor’s degree from the University of Kent, in Canterbury. Upon graduating from university, Linburgh joined Ernst & Young in London and later Ernst & Young Cayman. In 1994, he moved to Chartered Trust, an affiliate of Ernst & Young, where he became managing director and shareholder. Chartered Trust was acquired by Close Brothers Group in April 2001. Close Brothers Cayman was acquired by Intertrust Group in June 2011.
Supervision
Intertrust group is subject to different forms of external supervision. The Dutch Central Bank (DNB), in addition to specific national supervision, will conduct supplementary supervision.
Audit
KPMG is acting as external auditor of Intertrust Group Holding S.A. and its subsidiaries.