Just a laugh at other’s expense:
CS-lite, officially known as Sarasin, has finally got their Singapore trust license [http://www.sarasin.ch/internet/iech/en/index_iech/news_iech?reference=118826&checkSum=8599521F49A8C67E1E2852EF85D8CE7D] and their new trust company is being touted as the “latest addition to the holistic Private Banking offering of the Sarasin Group, and a further step in implementing its future focus on acquiring and managing declared assets in the best interests of its clients.”
- How politically correct!
The spiel goes further…..”The Trust services are growing in importance globally as part of the wide array of asset management services offered by financial institutions.”
- Where have you been the last 40years?
“Trusts have become an integral part of estate and succession planning.”
- Always were.
“To this end, Sarasin Trust provides discretionary trusts (providing trusteeships for full protection trusts, tailor-made, holding liquid and non-liquid assets) and insurance trusts (holding life insurance policies only), as well as corporate services, providing the management of offshore companies.”
- What a (grammatically poor) mouth full!
Then there are lies, damn lies and statistics
Be it Twain or Disraeli, neither of whom were math people, this was a pretty astute observation. A headline (uh…advertisement) making the rounds is: SocGen’s Singaporean Estate Planning Unit to Boost Staff by 33% [http://www.bloomberg.com/news/2011-02-25/socgen-s-singaporean-estate-planning-unit-to-boost-staff-by-33-.html]
However, the numbers say the increase is from 30 to 40 over 2 years. While increasing headcount by 10 is still an impressive feat, how about if I increase the number of blogs this month by 200% by writing just 1 more entry?
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