Clifford brings plenty of experience to the new firm, having worked at
firms such as Investec Trust, where he had acted as chief executive of the
group for nine years.

“I thought about getting back into the trust industry [after leaving
Investec] but did not want to work in the same way as before. I therefore
decided to build a system to help trustees fulfil their functions better than
they do at the moment.”

The business model of Fidusys can be expanded sharply – it is “very
scalable”, he said. 

As far as the business’s impact on the trusts sector is concerned, transparency
seems to be a key word. It enables trustees to see what all the different issues
and risks are for a trust as part of a single package. It will also help
banks understand trusts better, he said. The system can support any type of
entity, including foundations, as it is configured by the trustee.