St. John's; Antigua - Nigel Hamilton-Smith and Peter Wastell, Client Partners at Vantis Business Recovery Services, a division of Vantis, the UK accounting, tax and business advisor y group, were appointed by the Financial Services Regulatory Commission (FSRC) of Antigua and Barbuda as Joint Receivers on 19th February 2009 of Stanford International Bank Ltd and Stanford Trust Company Ltd. 
 
Commenting on recent progress, Hamilton-Smith said “Following our appointment last Friday, we have thus far been able to confirm the amounts invested by clients and have put arrangements in place for the Receiver-Manager’s team and staff at Stanford International Bank to deal with client enquiries.
 
We have set up an email (stanfordenquiries@vantisplc.com) for all investor and depositor enquiries and have ensured that up to date statements can be issued to all clients, totaling some 28,000, by month end.
 
We are now commencing the process of communicating with the financial institutions that we have identified as holding assets on behalf of Stanford International Bank. We are also seeking co-operation arrangements with the US Receiver to further assist in the asset identification work we need to undertake.
 
At this time we are unable to ascertain the total value of assets held or report on the timescale for the return of monies to investors. Our priority is to safeguard the interests of investors and depositors, identify and preserve assets and together with 2 of the international regulators and authorities and the US Receiver; we are working to complete these investigations as quickly as possible to avoid further inconvenience to the Bank’s customers.”