As with the story of many successful businesses, Capco Trust started out with modest beginnings and expectations. 40 years on and the founder, David Capps can feel rightfully proud that Capco Trust remains one of a very few trust companies formed in that era, that remains independent and under its original ownership.
Below are a few corporate highlights:
1 November 1977 - Capco Trust was established to act for a number of Scandinavian shipping clients. Staff comprised David Capps - English Solicitor, Christine Capps his wife and PA, and an additional part-time secretary.
1980’s - Capco’s business developed internationally, particularly through contacts in South Africa. This secured administration work for the offshore activities of some of the most dynamic companies in the Southern Hemisphere.
1980’s - By dint of excellent service, Capco continued to expand, acting for an increasing number of large shipping companies in Scandinavia.
1980’s - A long association with Sovcomflot commenced, at the time, the largest shipping company in the world.
1987 - Opened an office in the Isle of Man and worked alongside the Isle of Man Marine Administration and Senior Government members to expand the Manx shipping register. After a number of years of hard work, intensive marketing, and the provision of outstanding service from the Registry and Capco, it became one of the most reputable shipping registers in the world.
1980’s - As part of Capco’s offering in the Isle of Man, it established a subsidiary ship management company which at its peak managed 116 vessels comprising nearly a quarter of the Isle of Man fleet.
1990’s - David Capps travelled widely on business, attending shipping conferences in Connecticut, Athens, Hamburg, Bremen, Singapore along with trips to South Africa, Hong Kong and the USA.
1992 - Established an office in Nevis in the Caribbean which grew to become the second largest trust company office in that jurisdiction.
1990’s - Capco’s staff across its three offices grew to 90.
2000’s - The strategic decision was taken to concentrate all resources in Jersey, the world’s leading jurisdiction for the regulation of fiduciary services. The successful Nevis and Isle of Man businesses were sold to acquirers, who retained all staff members.
2000’s - The Jersey business under a new management team broadened the private client offering which became the main focus of revenue growth.
2010’s - Experience working with banks and investment funds leads to a fresh maritime clientbase and continues to be a key differentiator.
2014 - A new managing director commences a Middle East initiative which has an instant impact.
2017 - Capco’s reputation as one of the leading truly independent trust companies in Jersey continues to be maintained across four decades.