Press Release
Press Release
Press Contacts: Erik Cummins, Matt Hyams, Taina Rosa, Olivia Thomas
11.19.24
A team of Pillsbury lawyers advised Vitesse, a London-based global treasury and payment provider for the insurance industry, on the process to obtain a trust company charter from the New York State Department of Financial Services (NY DFS) to establish Vitesse Trust Company, LLC. This represents Vitesse’s official launch of operations in the United States.
Vitesse Trust Company, LLC, based in New York City, is a limited liability trust company, chartered and regulated by NY DFS under the New York Banking Law. This approval marks a significant milestone for Vitesse, solidifying its position as a regulated financial services organization offering comprehensive solutions to the insurance industry in the U.S.
Click here to read more about the launch of the New York chartered trust company.
The Pillsbury team was led by Financial Industry Group senior counsel Brian Montgomery, and included Corporate partner Rodney Peck, partner Deborah Thoren-Peden, senior counsel Patricia Young, and Government Law & Strategies associate Johnna Purcell.