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, in line with the general policies and decisions set out by the Supervisory Board. The Management Board consists of 6 people with collective responsibility with each of its members having specific responsibilities for given areas. The Management Board meets in principle every two weeks.
David de Buck (1967) has at least 20 years experience in the financial services industry, living and working in the international environments of Paris, Hong Kong, London and Brussels. 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 was instrumental in the set up of Carbon Banking at Fortis, and under his leadership Fortis gained a global leading position in Renewable Energy. David is a Member of the Supervisory Board of Fortis Groenbank. Before his appointment as CEO of Fortis Intertrust in March 2009, David was CEO of Fortis Lease Group. David holds a BBA from the University of Nijenrode, Breukelen, The Netherlands.
Ernesto Traulsen (1961), Chief Financial Officer, brings to us his experience of 3 years with a privately owned Swiss multinational group and 14 years with a large US based pharmaceutical company, for which he was stationed, besides in Geneva, in Indianapolis, Mexico City and Vienna. He holds an MBA from McGill University (Montreal) and German citizenship.
Carlo Roelofs (1963), Chief Strategy and Development Officer, brings to us at least 18 years of experience in the Banking, Insurance and Trust industries, and in tax and legal advisory. As Carlo is also Managing Director of The Netherlands office, he splits his time between Amsterdam and Geneva. Carlo 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 degree in civil law from the University of Amsterdam, the Netherlands. After his graduation, Mr. Van Asselt started his career as an international management trainee at ABN AMRO Bank within Investment Banking. He joined ABN AMRO Trust in 1997, and held legal, commercial and management positions in the Netherlands, Curacao and New York. In 2003, Mr. Van Asselt joined Intertrust in New York and expanded the operations in North America, before moving to London to re-start the offices in the UK and Ireland. In 2008, HP was appointed global Head of Market Offices to maximise on synergies within the network of Intertrust globally.
Eric Magrini (1963), Member of the Board, brings an experience of more than 15 years in the Trust and Corporate Management Services industry, and expertise in the field of financial engineering. Eric is also Managing Director of the Luxemburg office. He started his career as a lawyer in 1991, and worked at Deloitte & Touche (1993) and KPMG (1997), before he joined the company in 2007. Eric holds a post-graduate degree in corporate and tax law and is a member of the Luxemburg Bar in vacancy.
Mick Cahill, Member of the Board, has worked in Guernsey, in Financial Services since 1987. Mick is, in addition to being Managing Director of the Guernsey office, also a Director of Intertrust Fund Services (Guernsey) Limited. Mick has been an integral part of the development and expansion of the fund service capabilities. Mick also holds executive directorships for two strategic investment companies listed on the Alternative Investment Market of the London Stock Exchange.
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.