Coriats, the leading trust company in the Turks and Caicos Islands, is proud to announce the opening of its representative office in Uruguay. This expansion supports the company’s continued ambition to provide tailored services to high-net-worth clients around the world
Recently ranked in the Chambers High Net Worth guide for the third consecutive year, Coriats has a legacy of offering strategic advice to families, individuals, and corporate clients. The new sales and marketing office in Uruguay means the company will fill a unique gap in the market, as one of the very few international trust companies established in the country and one of even fewer equipped to provide its services directly.
David Stewart, Managing Director of Coriats, said: “As more high-net-worth individuals migrate to or visit Uruguay, we recognise the need to establish a presence in a location of such strategic importance. This new venture is not only exciting for us as a business but, more significantly, it demonstrates our dedication to serving the evolving needs of our global clients.”
Opening the office in Uruguay is timely, given the current economic and political shifts in Argentina. Many Argentine high-net-worth individuals are relocating to Uruguay, especially Punta del Este. Coriats Uruguay will primarily focus on marketing Turks and Caicos Trusts and other wealth management structures, and through Coriats’ international alliance team, clients can also access banking and trust relationships in all major financial centres, including the US and Switzerland.
Jorge Castillo will lead the office, drawing on extensive experience from his six-year tenure as General Manager at the Latin American company, ICOFIN Group. His involvement there in structuring US-domiciled trusts and overseeing international tax planning is expertise that will be invaluable for Coriats’ South American clientele.
Founded in 1978, Coriats’ legacy as the longest-standing regulated and licensed Trust Company in the Turks and Caicos Islands is a testament to its dedication and expertise. It provides strategic counsel on a global portfolio of assets valued at over US$900 million.
(Coriats Uruguay Limited is not licensed or able to offer advice. Its function is as a sales and marketing introducer to Coriats Trust Company Limited in the Turks and Caicos, which will provide and charge for any advice to clients).