Wealth & Finance International - Wealth & Money Management Awards 2016

www.wealthandfinance-intl.com 55 Best Corporate Trustees - Asia Vistra ITCL , formerly IL&FS Trust Company, are the largest independent Corporate Trustee in India, offering fiduciary and monitoring services. We invited Navita Yadav, Managing Director and CEO, to talk us through the techniques the firm employs to ensure excellence in this area. Company: Vistra ITCL (India) Limited (formally known as IL&FS Trust Company Ltd) Name: Ms Navita Yadav, Managing Director and CEO Address: The IL&FS Financial Center, Plot No. C–22, G Block, BandraKurla Complex Bandra(E), Mumbai 400051 Telephone: +91 22 2659 3535 As a leading Trust company in India with two decades of strong presence in the Indian market, the firm, which is in the process of rebranding as “Vistra ITCL”, understands the varied needs of its clients, Navita explains. “At Vistra ITCL our clients include banks, financial institutions, asset managers, corporates, governments, insurance companies, non- profit organisations and high net worth individuals. We successfully admin- ister assets over USD90 billion under various fiduciary structures and preserve significant market share in all our businesses. “Our company also continues to play a pivotal role in innovating struc- tures for the Indian Industry. Whether it concerns the framework for Business Trusts or Employee Benefit Schemes, Vistra ITCL has been ac- tively involved in the development of new investment vehicles in India.” Currently the Indian Bond market is growing at CAGR of 18% in last 8 years. Corporate Bond outstanding as % to GDP was ~15% in FY 2015 which signifies high growth potential for deepening of bond market in India. India’s Alternative Investment Fund Market is also expanding as more and more investors and fund managers are participating in the economic growth of India.Navita outlines how her firm is well placed to support clients through this ever evolving market. “Vistra ITCL has been ahead of the curve in the constantly changing regulatory and compliance landscape. The firm is well placed to deliver innovative solutions and handhold clients through all ends of the eco- nomic cycle ” As a concluding comment Navita adds that the firm is dedicated to adapting to the changing market needs in order to ensure clients con- tinue to receive the high standard of service which they have become accustomed to. “In today’s dynamic environment there is great demand for Transpar- ency and Institutional independence. In such economic and regulatory landscape, there are ever- increasing challenges of complex and cum- bersome restructuring, rising defaults, rising complexity of transactions, need for legal and financial expertise, succession planning, corporate governance, greater level of information exchange with the stake holders, increasing volume of compliances and need for enforcement capabili- ties. “Overall Vistra ITCL is well poised to address all the challenges in the interest of our clients and shall continue to expand in India & globally to manage such needs of issuers and investors.” WM16024 Vistra ITCL (India) Limited