In the wrong place at the wrong time
Aaron Roup, FISA Secretary, wryly admits he was in the “wrong place at the wrong time” when, whilst working at BoE Trust Limited in 1998, he answered the phone on behalf of someone who was on maternity leave. It was the Chairman of the Association of Trust Companies (ATC) on the other end, wanting to know about arrangements for the upcoming ATC annual general meeting. Aaron, who had no involvement with the ATC whatsoever, inadvertently found himself doing the arrangements pro bono, finding the necessary paperwork in three boxes at the back of a storeroom – and the rest as they say is history. He was formally asked to be Secretary of the ATC from 2001 and then continued in this capacity when FISA was formed in 2008.
By the time Aaron became involved with the ATC in 1998, there were 18 trust companies listed as members.
According to Aaron, the large corporates took it in turn to hold the Chair, Vice Chair and Secretary roles within the ATC and every two years the letterhead and even the bank account details were changed, to enable the efficient running of the organization by the incumbents. Aaron describes how he would need to prepare 18 separate fax cover sheets and spend hours faxing communications to the ATC members, until finally email enabled speedier administration in the late 1990s.