Eurotex Global Savings & Trust Soars within its First Week in Business
Eurotex Global Savings & Trust Soars within its First Week in Business
When circumstances create the need for a specific type of service or product, those who can provide that service or product effectively, successfully and quickly can become overnight success stories.
With that in mind, it should come as no shock that Eurotex Global Savings & Trust opened just over EUR9 million Euros' (approximately $12 million in U.S. dollars) worth of business in its first week of business. Why such an epic debut?
The creation of Eurotex Global Savings & Trust SA by young entrepreneur James Timothy White came as a solution torecently-enacted restrictions on European banks and other financial institutions regardingtheir American-affiliated clients. Part of this was due to theFinancial Reform and Recovery Act passed by U.S. President Barack Obama's administration in March, 2010.
The private, Luxembourg-basedfinancial institution, whichopened its international business operations back in December, works with high net worth clients and corporations wishing to create non-discretionary grantor trust accounts. These revocable grantor trusts are specifically designed to protect and hold monetary instruments and global securities in several different currencies and hard assets. Some of those could be real estate, precious metals and insurance policies. They also provide whatis the most optimum blend between asset protection and ease of access. This trust may be formed to protectcash, property, insurance policies, stock, and/or other unique assets.
Eurotex's main competitive edge is working in with American clients, because they are not governed or regulated in the same way or on the same basis as European banks. Eurotex CEO Whiteuses the following example to describe his advantage:
"It's the same difference between a small private airline and a big one. The large one has more restrictions, while the smaller, private charter is more nimble and therefore may offer a more customized service, with more competitive pricing."
In simplest terms, it's all about efficiency, freedom and streamlining forEurotex Global Savings & Trust SA. That means it's critical for companies and corporations to know how to protect assets. Eurotex can help them do that and more.
The company is foundeduponthe principles of financial success, efficient and reliable service, risk reduction,andunwavering safety andsecurity of client informationstrictly enforces confidentiality by law.
Eurotex can provide corporate trust accounts that can hold both common and unique assets that protect clients fromindividuals and businessesattempting to steal assets professionally. It also offers a variety of services, such as asset accounts, personal or corporate trust accounts, securities trust accounts, at call cash trust accounts, and fixed cash trust accounts.
Eurotex Global is also experienced in helping both corporations and individualsall over the world with crisis management and protection of any assets. Giventhe immediate and impressive success enjoyed by Eurotex Global Savings& Trust in just twomonths' time, it's obvious this 'new kid on the block' James Timothy White has established himself as a major player in asset security and protection, as well as an entitywhose stay in the neighborhood won't be a short one.
Perhaps it's time to find out what the newest face in internationalindividual and corporate asset protection can do for you! Contact Eurotex Global Savings & Trust today for more information at www.egsavings.com
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