By: David Bagraim
Our Israel team has recently launched the Sabra Trust Ltd (“Sabra”), geared towards high-net-worth families in the country. David Bagraim and Roni Bar-Zeev share why this new option is relevant for a new tech savvy entrepreneurial generation.
Israel continues to make its mark in the start-up scene. Dubbed the ‘start-up nation’, we have seen many successful hi-tech exits creating new high-net-worth families. With ongoing regional tensions and increased uncertainty in Israel, this environment heightens the need for families to protect their wealth for future generations. Additionally, there is an opportunity to offer family office services to the growing number of individuals immigrating to the country.
Sabra is an Israeli Company that acts as a Corporate Trustee for Jersey-law trusts. It will enable Israeli-based clients to enjoy a Jersey-law trust structures but still have regular face-to-face contact with trustees who operate in the local environment. This offering is suitable for Israeli-based clients (both English and Hebrew speakers) who would also like to have access to the suite of International SF Group’s services.
Stonehage Fleming has been physically present in Israel for over 25 years. We understand Israeli clients value trustees that are culturally aware and have the ability to speak Hebrew. The newer generation of wealth creators also want the ability to invest overseas and access international services. For us, a win-win combination is met with Sabra as a solution.
We support multi-generational families with an increasingly global footprint. People want local trustees and relationship managers who can co-ordinate with their Israeli bankers and advisers. The team is uniquely placed to offer a wide range of services to Israeli clients both for themselves and their future Generations. It is a testament to our ability to work in this environment in the long-run.
Read more:
Emigrating to Israel – supporting clients throughout the journey