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Fiduciary Responsibility Acquired by Experience

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Fiduciary Responsibility comes from experience.  James Daily served as trustee over a series of 26 international grantor trusts whose $800,000,000 in capital had been raised through differing structures including Debenture Series, Notes, Term CBO Series, and Preferred Shares to Qualified Investment Banks in the Republic of China – including Standard Charter, Bank Sino Pac, Hua Nan and others. Responsible for execution on investment committee decisions at direction of Grantor Mr. Daily maintained all trust financial accounts and records. Performing financial transactions with strict adherence to transparent and documented protocols assuring the Grantor that its investment decisions and security position in assets and financial instruments were maintained or acquired. The investment portfolios typically included enhanced second mortgages and other cash flowing asset-backs, as well as life settlements, loss warranties, and option-like exposure to special risks. Grantor utilized a range of credit enhancement structures including subordination, third-party insurance, and derivative transactions to normalize non-standard assets.

Mr. Daily acquired an incredible view into all aspects of business formation, corporate governance, negotiation, drafting and management of complex financial transactions including highly customized USD and Euro offshore facilities as well as captive insurance and reinsurance structures. Utilizing locations and jurisdictions from the British Virgin Islands to the Grand Duchy of Luxembourg for tax favorable treatments sought for non-US based investors. While managing trustee services on such a portfolio of exotic assets is a fete few have experienced,  in November of 2008 and through March of 2009 the Grantor suffered tremendous set-backs due to the market crash and destruction caused the failure of AIG.  This provided the opportunity to view how being transparent, visible and trustworthy also works when scrutinized by banks and government agencies.

While the world stopped turning and the markets crashed, Daily was doing the right thing, doing it right now and managing a crisis while on the front page of the Wall Street Journal.

Having kept meticulous records of every transaction, monitored the unwinding of a failed investment house, there is none better than James Daily at resolving, advising, and prosecuting or protecting those who fall short of their fiduciary responsibility.

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Comments 03

  • Anthony Bufinski

    June 24, 2013 1:34 pm · Reply

    Incredible experience from being on the front lines during the most tumultuous period in the last 85 years. You are the most trusted.

    • Themes Kingdom

      July 8, 2013 11:11 am · Reply

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  • Themes Kingdom

    June 26, 2013 12:31 pm · Reply

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