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 December 16, 2010 - 11:01 AM EST
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Luxembourg Based Eurotex Global Savings & Trust, SA Opens for Business
Luxembourg Based Eurotex Global Savings & Trust, SA Opens for Business

LUXEMBOURG CITY, LUXEMBOURG, Dec. 16, 2010 (Marketwire) -- Private financial institution, Eurotex Global Savings & Trust, SA (, announces that it has successfully launched its international business operations.

The company will work with high net-worth clients and corporations who wish to form non-discretionary grantor trust accounts. These trusts are specifically designed to protect and hold global securities, monetary instruments in several different currencies, and hard assets such as, but not limited to, real-estate, insurance policies and precious metals.

The founding of Eurotex Global Savings & Trust SA comes as a solution to the recent restrictions on European banks and financial institutions with regards to their American affiliated clients as a result of the Financial Reform and Recovery Act passed by the Obama administration in March of 2010.

The company is proud to announce that during its first week in business, it has opened just over EUR9 Million Euros (about $12 Million USD) worth of new business.

Eurotex's main competitive advantage is working with American clients because it is not governed or regulated on the same basis as European banks. James Timothy White, CEO, says, "It's the same difference between a small private airline and a big one. The large one has more restrictions, while the smaller, private charter is more nimble and therefore may offer more customized service with more competitive pricing."

About Eurotex Global Savings & Trust SA

Eurotex Global Savings & Trust SA is a financial institution headquartered in Luxembourg City, Luxembourg and currently employs four full-time staff. The company works with many high-net worth clients and corporations internationally to form grantor trusts.

Eurotex Global Savings & Trust SA (352) 246-1-1223 (FAX)

Source: Marketwired (Canada) (December 16, 2010 - 11:01 AM EST)