Chambers and Partners -HNW guide 2016

A relatively new addition to the Cayman Islands’ trust market, Sackville Bank is an independent boutique bank that offers all fiduciary services for trust and corporate structures. They are “really solid. They are excellent guys and I would certainly recommend them,” comments one market peer. Alongside its fiduciary offering, it is able to provide custodial services and investment management solutions.


A key focus of the business is the establishment and administration of family trusts alongside estate and succession planning. A commentator states: “I always put Sackville on the list as they are very experienced, and they’re small which means they can take on structures others cannot.”


“We like them because we like the people who set it up,” says another source, explaining: “The trust company has been going for three to four years now. It is headed up by a couple of ex-CIBC guys who have their heads on pretty tight. They’re a new player.” Managing director Michael Halsey and deputy managing director Andrew Needham are two noteworthy names, each having lived in the Cayman Islands for 20 years. Both individuals have significant experience working in large financial institutions working with international ultra wealthy individuals and families.


Lawyer via CityWealth

“Andrew Needham is highly respected in the Cayman trust industry and his reputation for excellence is well-deserved. He is thoroughly professional, extremely approachable, and has a keen grasp of the complicated issues that often confront his clients. Andrew is cool under pressure and brings a clear-minded approach to even the trickiest trusteeships.”


Lawyer via Citywealth

“Always a pleasure to work with, Michael Halsey is one of the most knowledgeable and experienced trust professionals in the Cayman Islands. He brings that experience to bear and distinguishes himself in working to create bespoke solutions for clients. Open-minded and serious; a very safe pair of hands.”


Lawyer via Citywealth

“I have worked with Andrew Needham over the years on a number of different projects and I (and my clients) have always found him to be thoroughly professional, timely and efficient. He is very experienced in the industry and uses this with his knowledge to great effect. He spends time engaging with clients, understanding their needs fully and thereby allowing the most appropriate structure for them to be established”.


Lawyer via Citywealth

“I have had the pleasure of working with Andrew Needham over the last seven years. Andrew is extremely responsive, well-informed and professional and has always demonstrated a clear understanding of his clients and their objectives. He has a wealth of experience as a private client professional and a trustee and as such, is someone who I recommend to clients and advisers seeking a reliable service provider in this jurisdiction.”


Investment Manager – UK

“Michael Halsey is a prominent figure in Cayman’s growing fiduciary services industry and he is extremely well respected by peers in the law, accountancy and investment fields. Michael, with assistance from his strong and dedicated team, has successfully guided the recently established Sackville Bank to a leading position amongst Caribbean financial services firms.


He has an unparalleled rapport with clients which is accentuated by his significant experience on trust and company matters, first class service levels and a keen attention to detail”