A Private Trust Company acts as the trustee of a specific trust or a number of family related trusts. The main advantage of a PTC is that it enables settlors or settlors' family members or their appointees to retain a significant degree of control over trustees' decisions by being directors of PTCs.
PTCs offer the ability to establish long-term, multigenerational trustee arrangements in much the same manner as a corporate trustee does, but without any licencing requirement.