Castlewood Group Announces New Partnership with ITL Trustees Ltd, a Member of Baker Tilly International

Castlewood Group announces the appointment of ITL Trustees Ltd as Castlewood's Trustee. ITL Trustees who are a member of the international and accounting firm Baker Tilly International will take over from British and Malayan Trustees Ltd from 21st November 2011.

Singapore, Singapore, November 21, 2011 --( Castlewood Group is pleased to announce the appointment of ITL Trustees Ltd as Castlewood’s Trustee. It will take over the role of British and Malayan Trustees Limited, which will retire its services to Castlewood by 21 November 2011.

ITL Trustees Ltd is a member of the international accounting and auditing firm Baker Tilly International - the 8th largest accountancy and business services provider in the world with 122 offices in 75 countries, over 18,600 staff worldwide and a fee income of over US$1.8 billion annually.

Based in Mauritius, ITL Trustees Ltd will maintain the trust under Singapore law and has engaged the services of Venture International Corporate Services Pte Ltd to act as personal liaison for all clients of Castlewood Group. This team of professionals, who is independent of Castlewood Group, will be there to answer to clients’ queries and offer a fully informed and transparent buying process, giving them confidence and peace of mind.

The new partnership with ITL Trustees Ltd, which has a strong international track record, will certainly augment Castlewood Group’s new global initiatives to penetrate emerging markets with high growth potential.

Castlewood Group has experienced tremendous growth since the pre-launch success of its 8over8 Luxury Hotel in Phuket last November. Castlewood Group’s HQ for Southeast Asia is now based in a strategic location, within the Central Business District of Singapore, and has a building of its own named Castlewood House.

It has also taken its business beyond Asia with the opening of its new Middle East flagship office in Dubai Marina in the UAE. With plans to set up offices in Beijing and Moscow in 2012 and more global expansion plans in the pipeline, Castlewood Group is all set to take its business to greater heights.

The 8over8 Luxury Hotel, a project by Castlewood Group, will be situated in Phuket, near the beautiful Bang Tao Beach and Laguna Resort. The 8over8 hotel, which consists of 151 luxury suites and 19 exclusive units for stakeholders, will be scheduled for completion by the first quarter of 2013.

Castlewood Group
Nicola Bird
+65 6303 0888