Malaysia's Premier Labuan Trust Company in Labuan IBFC
Corporate Services Trust Co Ltd
Clament Chua – Director
Clament is a 3rd generation native of Labuan and one of the first local to set up his Labuan Trust Company in Labuan IBFC. He started Corporate Services Trust Co Ltd in 2009, a professional Labuan Secretarial firm which is licensed and registered under the Labuan Financial Services & Securities (LFSA) Act 2010.
Clament started his career with Ernst & Young before joining The National Australia Bank Limited from 1999 to 2005. Clament is also the Resident Secretary of Expertserve Corporate Services Sdn Bhd, an onshore secretarial firm based in Labuan with more than 500 companies under its management.
Clament graduated from the Middlesex University Business School in London in 1995 with Second Upper Honors in Accounting and holds a Chartered Global Management Accountant qualifications which are jointly awarded by The Chartered Institute of Management Accountants of United Kingdom (www.cimaglobal.com) and the American Institute of Certified Public Accountants (www.aicpa.org). He is also a member of The Chartered Institute Tax of Malaysia and The Asian Institute of Chartered Bankers. Clament is an approved Trust Officer licensed by the LFSA.
Clament’s family has a long and rich history in Labuan. His great grandfather was Hokkien Ann Kway from the Province of Fujian in South Eastern China and was a Merchant during the British colony of Straits Settlements. During his time, he would trade between Hong Kong, Singapore and Labuan using the ancient Chinese sail boat called Junk.
Labuan IBFC, My Home Town
Labuan was originally under the rule of the Sultan of Brunei and was proclaimed a duty free port when it was handed over by the Raja Muda Hasim on 18 December 1846 to the British empire. Rajah James Brooke was appointed as the first Governor of Labuan in 1847 and the administration of the island was handed over to North Borneo Chartered Company on 1st January 1890. It was reverted back to British government rule in 1904 and the island was placed under the administration of Straits Settlement in 1907.
In 1942 The Japanese Army invaded Labuan and took control of the island where the name was later changed to Maida Island. In 1945, Jeneral Masao Baba signed a surrender letter at Layang Layang Beach Surrender Point in front of Jeneral Mejar George F. Wootten, 9th Division Commander of the Australian Allied Forces after the end of World War II. Labuan under the State of Sabah became independent when it joined the Federation Of Malaysia on 16th September 1963. On 16 April 1984, Labuan was proclaimed as the Federal Territory of Labuan in 1 October 1990 Labuan was pronounced as the International Offshore Financial Centre. (IOFC).
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