We are Amicorp
— We strive to understand our clients’ needs by continually focusing on four basic pillars - building lasting client relationships, being creative in finding the right solutions, maintaining high levels of accuracy, and providing the timely delivery of services.
We believe in building lasting relationships.
Over the past three decades, we have focused on developing innovative and bespoke solutions that help businesses and entrepreneurs, asset managers, institutional investors, high-net-worth individuals ("HNWIs"), and family offices succeed in a dynamic macro environment, building lasting relationships along the way.
Whether you’re a high-growth technology business planning your cross-border expansion, an asset manager searching for shared investment vehicles to give you easy access to a new market opportunity, or a business owner looking for a trusted partner who can help you and your entities stay compliant with changing global and regional regulations, our team is here to help.
We’re driven by our core values of integrity, loyalty, teamwork, quality, care, and respect.
Our story
Over the last 31 years, we’ve built a business rooted in mutual trust and transparency. Here’s a timeline of our journey so far.
Expanding to emerging markets.
We opened new offices in Astana (Kazakhstan), Riyadh (Saudi Arabia), Abu Dhabi (UAE), and a new Amicorp Capital office in the Dubai International Financial Center, DIFC (UAE).
Amicorp Fund Services is listed on the London Stock Exchange.
Amicorp FS (UK) Plc (AMIF) was successfully listed on the London Stock Exchange's Main Market on June 8, 2023.
In October, we opened an office in Kuala Lumpur to support both Malaysian businesses expanding internationally and establishing their own footprint in Malaysia.
The Amisewaka – DLCC held its first-ever graduation ceremony, with 98% of students obtaining gainful employment.
New advisory arm in the USA and a new office in Geneva.
Opened a new office in Geneva and Amicorp Wealth Services LLC in Miami to provide services as a Registered Investment Advisor ("RIA").
The Amisewaka – DLCC, our flagship project that provides vocational and life skills training for young people in Bali, officially welcomed its first students.
New offices in Frankfurt, South Dakota, and Madrid
We opened a new office in Frankfurt to offer a variety of capital market services, a second office in Spain (Madrid), and one in South Dakota focusing on Trusts.
Doubling our sales efforts
We doubled our efforts to offer operational fund investment services, particularly in Taiwan and East Asia, while expanding our Funds Administration sales through new teams in Lima, Peru, and Mexico. Amicorp also adopted a stronger focus on Global Expansion Services to assist emerging multinationals on their road to internationalization.
Growth in East Africa & Brazil
Intensified our marketing activities through seminars and roadshows in important developing markets in East Africa. Additionally, we built a team in Brazil to promote local fund administration services.
New office in Istanbul
In September 2018, we established a representative office in Istanbul to capitalize on Turkey's burgeoning economy. Our efforts also helped clients adapt to the new landscape introduced by CRS and BEPS.
New sales office in Panama
We established a new Panama office to serve our client portfolios from other global offices, and new Amicorp clients who were previously with another trust service provider. Our core offerings included the Panama Foundation and Sociedades Anónimas.
Improved compliance & community efforts
We implemented the Four Pillars of Assurance company-wide, ensuring that ultimate beneficial owners ("UBOs") meet Know Your Customer ("KYC") requirements, comply with laws in their jurisdiction, undergo comprehensive transaction monitoring, and adhere to FATCA and CRS reporting obligations.
In Bali, Indonesia, we completed a long-running CSR initiative by providing over 725 kamar mandis (bathhouse toilets) to the underprivileged Les village, reducing the incidence of disease. Additionally, we acquired land and started constructing the Desa Les Community Center, a skills development hub offering vocational training in hospitality, cultural preservation, permaculture, values education, and more for local youth.
Growth in Asia
Grew our Asian footprint by organizing a series of well-attended seminars, which resulted in stronger brand recognition, a better understanding of local needs, and a faster rate of growth in the region. Our office in Dubai, where we established free-zone trading companies, helped broaden our service platform. We also opened a new office in The Bahamas.
Established AmiLife in Seychelles
We established AmiLife Insurance PCC Ltd as a non-domestic life insurance company offering a single premium investment-linked product for wealth management. To support this initiative, our team set up an office in the Seychelles. We also set up offices in the Cayman Islands and Lima (Peru) to meet the growing demand for services from these business centers.
New offices in Monaco, Montevideo, and Cayman
Acquired a portfolio of up to 1,000 management mandates for trust and corporate entities. In early 2013, we opened an office in Montevideo, Uruguay, focusing on servicing corporate and private clients in South America. We also opened an office in the Cayman Islands. In September 2013, we acquired a company management provider in Monaco, adding Monaco as a key business center.
New office in Mauritius
Established a Mauritius office and Hong Kong pre-IPO desk to assist our Chinese clients with legal and administrative Hong Kong Stock Exchange listing requirements. Beyond our focused service offerings for the African and Indian markets, we also created a full backup platform for fund administration services, which became operational in mid-2013.
New offices in Asia, MENA, and LatAm
Opened offices in China (Guangzhou, Chengdu, Taipei, and Beijing) and a sourcing company in Shanghai to assist non-Chinese clients with finding partners in China. In Dubai, we launched an office to build relationships in the Middle East and support free-zone trading companies. Opened a new Bogota office to strengthen our LatAm presence and capitalize on Colombia's growing economy and foreign investment needs.
Established an office in Pretoria, South Africa, to provide cost-effective back-office accounting services in Dutch, Afrikaans, and German. We also expanded to Moscow, achieving our goal of covering all BRICS economies, and added an office in Madrid, enhancing our offerings for LatAm investors. Additionally, we acquired facilities in Davao, Philippines, for cost-effective scanning and accounting services.
More new offices and first system for the bank
Amicorp opened new offices in Shenzhen (China), Malta, and New Delhi (India). We acquired the first systems for Amicorp Bank and Trust ("ABT"), enabling us to open bank accounts, offer credit cards, and facilitate SWIFT payments for our clients.
In 2010, our Bangalore office was ISO 9001 and ISO 27001 certified, and our British Virgin Islands received an ISO 9001 certification. Amicorp Fund Services also achieved ISAE 3402 certification.
Improved processes and systems
In a year of business transformation, we eliminated inefficiencies and outmoded solutions throughout the organization, improved quality systems, introduced an enterprise risk management ("ERM") system, and strengthened our internal audits.
Our Curaçao office received an ISO 9001 certification.
Outsourcing services and a banking license
Focused on improving overall quality and capabilities in Bangalore, which was our largest Amicorp office. We began offering accounting and other BPO services to third parties.
Globally, we received permission to establish the Amicorp Bank and Trust ("ABT") with a limited license in Barbados, and our Guangzhou office was moved to Shanghai- as part of our increasing operational and marketing focus on East Asia.
Our 15th anniversary
To celebrate our 15th anniversary, we successfully built a childcare center in Curaçao, Tuma Mi Man, which was very well received and set an example for other companies on the island.
Key internal units to India and more expansion
Established a sales office in Vilnius (Lithuania) and a production office for trust activities in Auckland and moved our internal and client accounting functions to India so that our other offices could focus on client-facing services.
Opened new offices in Santiago de Chile and Warsaw, but despite our best efforts, we closed both offices two years later. In late 2006, we sold our activities in Copenhagen and Stockholm to the local management.
Expansion in Asia and Brazil, consolidation in Switzerland
Broadened our reach with new offices in Singapore and Guangzhou, targeting Southeast Asia and China, and shifted our internal administration to Bangalore. We also opened a sales office in Rio de Janeiro.
Meanwhile, we streamlined operations in Switzerland by merging our Lugano and Geneva offices into a single location in Zurich.
Stronger presence in the Americas and Europe
Our Swedish office was upgraded to a full operation in 2004, enhancing our presence in the Nordic and Baltic regions. We also divested our Amsterdam office to a private investor and established a new foothold in Mexico City. This expansion was part of our strategy to develop products for and increase our recognition in LatAm markets.
Centralized group functions
Centralized our group functions in Barcelona, moving from Curaçao and Amsterdam- to streamline operations in 2003. We also decided to sell Amicorp Fund Services in collaboration with SS&C Technologies, which included joint marketing efforts- and marked a step towards focusing on our core services.
Established a base in Asia & celebrated a milestone
2002 was marked by the opening of new offices in Miami and Geneva and the acquisition of a management company in Hong Kong, laying the groundwork for our Asian base with Amicorp Hong Kong Limited.
We celebrated our 10th anniversary with a memorable team-building trip to Southwest Airlines in Dallas, reinforcing our company culture.
Amicorp Community Foundation ("ACF") & an acquisition
The Amicorp Community Foundation was established in 2001, underlining our commitment to social and environmental causes. We expanded our European footprint with new offices in Luxembourg, Lugano (Switzerland), and a marketing and production office in Barcelona (Spain).
We solidified our position in Denmark by acquiring MeesPierson, making us the biggest player in the country.
Growth in Europe and the United States
In 2000, we strengthened our European operations by acquiring European Trust Services of Amsterdam ("ETSA") BV, Conphia Management B.V., Global Management B.V., and Nomet Management B.V. - which was taken over by MeesPierson.
We opened a marketing office in New York, focusing on hedge fund administration services. This expansion was complemented by growth in our LatAm and Danish operations.
Pioneers in Denmark & ISO 9002 certification for Curaçao
With an office in Copenhagen, we were Denmark's first foreign service provider to offer company and trust management services. We also expanded to São Paulo and London, with a focus on tax and bond-related services in South America.
Amicorp Curaçao achieved ISO 9002 certification, which was a first for a financial service provider in the Netherlands Antilles.
Licensing and expansion in the BVI
Obtained an official license in the British Virgin Islands ("BVI") in 1998- and started offering domiciliation services to other trust companies. This was also a period of significant expansion for Amicorp in Venezuela, Brazil, and Europe.
Navigating the Asian financial crisis
Acquired our own office building in Curaçao, and also experienced rapid growth in Europe.
Despite the challenge of the 1997 Asian financial crisis affecting our newly opened Kuala Lumpur office, our product offering was well received. In 1999, we closed our Kuala Lumpur office and moved our clients from Malaysia to Denmark, which put us on the map as an innovative service provider.
Strengthening our European network
Our European network saw considerable growth in 1996. Our successful acquisition of CTF Corporation NV gave us access to new intermediaries and sales channels in the Netherlands, Belgium, and Switzerland.
Amicorp Fund Services established
We established Amicorp Fund Services NV as a separate legal entity, providing fund administration services to US fund managers.
Significant marketing efforts in Europe resulted in acquiring clients in Switzerland and the Netherlands. We also became members of IFA and ITPA, opened offshore banks for LatAm financial institutions, and began our first community service project in Curaçao.
Overcoming setbacks and diversifying offerings
Despite facing setbacks due to the Venezuelan financial crisis of 1994, we managed to achieve stable growth in other Latin American markets.
We further diversified into the fund administration business by offering administration for small hedge funds through a highly experienced consultant.
BVI operations begin
The newly set up operations in the British Virgin Islands ("BVI") offered zero-tax Anglo-Saxon structures to LatAm clients. We significantly enhanced our client base and revenues in Brazil through strategic networking with major financial institutions like Banco Safra and the Bank of Boston, with just two employees.
The first days of Amicorp
Amicorp N.V. (now Amicorp Curaçao N.V.) began its journey on October 19, 1992, focusing on Latin American clients. We also set up the Euro-Trust NV in Aruba.
Our involvement in founding the Dutch Caribbean Securities Exchange for over 18 years underscored our innovative approach from the very start.
People & culture
At Amicorp, we uphold fair and inclusive employment practices- and actively promote a healthy and diverse workplace culture. In our hiring processes, we prioritize equal opportunities, ensuring that candidates are assessed based on merit, skills, and qualifications.
We’re committed to conducting business in a manner that prioritizes sustainability, ethical practices, and responsible corporate citizenship. This is based on four pillars:
Profitability and support for people
Employee passion and development
Environmental responsibility
Community support
We’re building a better future for people and the planet.
We are committed to being a responsible corporate citizen.
Through our internal policies and the Amicorp Community Foundation ("ACF"), we strive to empower local communities and create lasting structural change that ensures a better future for people and the planet. Our projects include the Amisewaka – Desa Les Community Center in Bali, our Tuma Mi Man daycare center in Curaçao, our Trees for Schools program in South Africa, and our AmiForest reforestation project to offset our carbon emissions from travel.
Our ESG policy reflects our unwavering commitment to conducting business with integrity, sustainability, and social responsibility at its core. By prioritizing environmental stewardship, championing social inclusivity, and upholding robust governance standards, we strive to meet and exceed regulatory requirements. Our ESG Performance Report drives our self-assessment and helps us integrate ESG principles into decision-making processes and corporate culture.
Our team
Derk Scheltema
CEO – Amicorp Management Services
Elia Nicolaou
Managing Director / Head of ESG Services
Juan Pablo Fernández Ranvier
Managing Director
Lindeni Nasoro
Group Head – Compliance and Internal Audit
Marian (Mimi) Chong
Director – Learning and Development
Diego Pesciatini
CEO – Amicorp Management Services
Rani Vellanchery Krishnankutty
Global Head of Human Resources at Amicorp Group
Remko van Ekelen
CEO – Amicorp Financial Markets
Careen A. Byfield Leyshon
CEO of Amicorp Bank and Trust
