Global Trust and Corporate Services Market Poised for Steady Growth

Due to increasing global wealth and the cross-border globalization of investments, the needs of high-net-worth individuals and funds for specialized administrative and compliance support continue to expand. This rising demand is projected to push the global trust and corporate services market from $11.39 billion in 2022 to $15.25 billion by 2028, representing steady compound annual growth of 5%, according to a new report by Research and Markets. 

This article will reveal the key factors driving growth in this market and why recruitment specialists like Victus are essential partners in connecting clients with the expertise needed to capitalize on the opportunities ahead.

Driving Factors

Driving this steady expansion are rising global wealth, increasing regulation and reporting complexity, and greater outsourcing by funds and investors. With higher per capita GDP worldwide, the number of high-net-worth individuals (HNWIs) needing specialized trust and corporate services for wealth management continues to grow.

At the same time, greater compliance requirements for funds, businesses, and investors across jurisdictions keep demand robust for corporate service providers adept at navigating regulatory environments. More private equity and real estate funds are also outsourcing key administrative tasks to realize efficiencies and focus on core operations.

Competitive Dynamics

According to the report’s competitive analysis, companies like Intertrust, JTC, TMF Group, Wilmington Trust, and Tricor continue to hold leading positions in terms of global market share. These firms have built commanding market positions through capabilities like high-caliber talent, value-added services, technology adoption, and strong client relationship management.

However, the broader competitive landscape remains highly fragmented, with over 500 trust and corporate service providers worldwide. Many boutique and regional providers find opportunities to serve specific clienteles, markets, and niches across the globe. Specialization allows these focused providers to effectively meet the personalized needs of their target customer segments.

Key Differentiators

Trust and corporate service providers are increasingly adopting advanced technologies such as automation, blockchain, data analytics, and AI to enhance security, reporting efficiency, and predictive insights. This technological capability has become imperative to meet evolving customer expectations for digitization, personalized services, and real-time visibility.

Significant political and regulatory ambiguities in the coming years will likely create challenges but also open up new possibilities for the sector. As trusts and investment funds expand across borders and operate globally, compliance complexity escalates. Corporate service providers able to offer robust and integrated compliance solutions across jurisdictions will be strongly positioned to capitalize on this demand.

The Role of Victus Search

As demand expands for trust and corporate services, finding the right talent is key. Victus Search helps connect specialized providers in this sector with professionals possessing the expertise to deliver excellence. By leveraging our networks across both boutique firms and global leaders, we enable clients to build world-class trust and fiduciary teams. Contact us to learn more about our capabilities in this evolving market