The lady in the far-right we all know: she is the former Head of Private Banking for ABN AMRO N.V. (Gibraltar) Branch and now Depute Chief Executive Office for SG Hambos Gibraltar.
Also, she is the brains behind ABN AMRO’s Gibraltar tax-evading “Equity Release”.
The Mediterranean-looking casually-dressed gentleman is Sergio Urnieta L√≥pez, founding member of Martel & Urnieta, one of two ABN AMRO-appointed law firms that would explain the virtues, advantages and mechanics of the “Equity Release” scheme, from the Spanish perspective.
And he is also Claudia’s loving husband.
The mission of Martel-Urnieta was simple: sit with ABN AMRO potential customers and explain how they could achieve, legally, the reduction or mitigation of the Spanish Inheritance Tax (ISD).
They were also, we believe, commissioned with explaining that ABN AMRO were fully qualfied to operate in Spain, both taking funds from the public (after they had lent them) and investing them, abroad.
For providing the above “advice” they would charge the customer¬†0,5% of the value of the mortgage loan, plus VAT, notwithstanding they represented the “cowboy” bank ABN AMRO N.V. (Gibraltar) Branch at each Notary mortgage signing, with Powers of Attorney granted in Gibraltar.
Proof of their involvement can be read here¬†(for client confidentiality reasons, names of ABN AMRO customers have been deleted).
Claudia, no need to worry, accusations of nepotism are clearly unfounded, ERVA does not believe that the firm Martel& Urnieta was selected because of family ties…nor we believe that they was a real conflict of interest situation.