Trustee

Definition

A trustee is a person or entity that holds legal title to assets on behalf of beneficiaries, managing and administering them according to the terms of the trust deed. In Switzerland, professional trustees must be licensed under the Financial Institutions Act (FinIA) and are subject to FINMA supervision. The trustee has a fiduciary duty to act in the best interests of the beneficiaries.

Context

This term is commonly used in the context of trust administration in Switzerland. Understanding this concept is essential for international families, entrepreneurs and legal professionals considering or managing trust structures administered from Switzerland.

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