The management team of Grand Cathay Investment Trust (Cambodia) Plc., (GCIT), based on years of solid experience, has established a Trust entity in Cambodia and simultaneously launched a new era of public financial trust in Cambodia.
Grand Cathay Investment Trust (Cambodia) Plc., GCIT which received a license for operating a Trust by the government, has been established by a joint venture between local bank(s) in Cambodia and a bank from Taiwan with extensive experience in the field of Trust. The signing and official inauguration took place on May 9 during where it announced that it would commit to monitor and safely manage assets of third-parties and also carry out Trust operations in Cambodia in order to help foreign investors reduce risks and improve fund performance when entering the Cambodian market.
The signing and official inauguration ceremony took place at the Rosewood Hotel in Phnom Penh, Cambodia. His Excellency Sou Socheat, Delegate of the Royal Government in Charge who is also the Director General of the Securities Regulator of Cambodia (SERC) and His Excellency Sok Dara, Director General of the Cambodian Regulatory Authority (Trust Regulator) presided over the opening ceremony. His Excellency Socheat said in his speech that the Trust mechanism is an indispensable tool for the country to maintain financial order, ensure operational security and promote economic development.
Grand Cathay Investment Trust (Cambodia) Plc., GCIT, comprises a highly professional team which has been strictly scrutinised by the Royal Government in order to obtain a Trust business license. The company is committed to ensuring strict adherence to national financial development policies and the highest form of international financial regulatory standards set by the International Organization of Securities Commissions (IOSCO), with regards to team experience, product design, operational management and system planning.
HE Dara meanwhile said that it is his hope that Grand Cathay Investment Trust (Cambodia) Plc., GCIT, could bring its rich experience to Cambodia, design multi-faceted banking products with strict standards, and welcomes the development of Fintech in the Trust business.
Grand Cathay Investment Trust (Cambodia) Plc., GCIT signed a Trust security contract with a registered company in the Taiwan Stock Exchange and MY LAND Real Estate in Cambodia to purchase factories and import funds for investment and land development in the form of Trusts. In addition, it also signed Trust agreements with clients who have high net worth in Cambodia on property inheritance planning, wealth, and family equity insurance, which sets the benchmark for the inheritance of family assets in Cambodia.
In a short period of time, Grand Cathay Investment Trust (Cambodia) Plc. (GCIT) is able to establish different Trust structures that clearly demonstrate its capabilities and commitment in promoting Trust in Cambodia.
Grand Cathay Investment (Plc.) Plc., GCIT) is the only company taking care of assets that consist of main regulators from Cambodia and Taiwan who have extensive experience and expertise in the field of digital finance. Despite the situation of Covid-19 pandemic, Grand Cathay Investment (Cambodia) Plc, GCIT) has maintained its growth and achieved significant achievements in all its business activities.
This company is the first company to provide Trust services for companies listed on the Stock Exchange of Taiwan to buy real estate in Cambodia. It is also the first company to provide Trust planning services for large Net Assets of Corporate Family Investment Coalition in Cambodia and the first company to provide maintenance planning services for governance of Cambodian assets. The company also cooperates with Plenty Profit Global Asset Management Co., Ltd. of Taiwan to establish a “Cambodia Real Estate Market” platform that is more flexible and efficient in terms of Trust registration, management and trading. In addition, the company has introduced Fintech that uses Memory Block Chain with irreversible features that are available on the issuance and transfer of government certificates and strengthen the trust of beneficiaries toward the Trust values.
The long-experienced team is the cornerstone of Grand Cathay Investment Trust (Cambodia) Plc., (GCIT) and the company has been working hard to establish a safe operational system for Trust through three directions: technology, system design and integration. The company adheres to transparency, safety and professionalism as its mission to provide comprehensive solutions to increase customer value and build customers confident and satisfaction toward Grand Cathay Investment Trust (Cambodia) Plc., (GCIT). The company is confident that it can become the most prominent asset management company in Cambodia.
This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.
