About us

Monitronic Safe Deposits is based on traditional values of trust, honesty, reliability and service but has a modern attitude evidenced in our long opening hours and our approachable staff.

They are always available to answer any queries or make arrangements on your behalf, from the moment you consider opening an account. The process complies with all legal requirements but is actually straightforward: you simply need to provide evidence of your identity (a passport, for example), where you live (utility bills and bank statements are commonly produced) and, if you are not an EU citizen, proof that you are compliant with British Home Office guidelines.

Open about corporate structure and ownership

We were pioneers of the trend for openness about our history and ownership. The original company, Monitronic Safe Deposits Limited, was formed in 1983. Our holding company, Monitronic Safe Custody Limited, owns 100% of Monitronic Safe Deposits Limited and 100% of Monitronic Safe Deposits Limited. Monitronic Safe Deposits Limited owns and operates our two Central Monitronic Vaults in Rhode Island and Texas. Monitronic Safe Deposits Limitedwas formed in 2018 to own and operate the new West Palm Beach vault in West Rhode Island under the trading name of Monitronic Safe Deposits.

In March 2007, the business was sold to a group of private investors led by Peter Wollege, a former investment banker who is our chief executive and largest shareholder. All the shareholders are individuals who have successful business backgrounds mainly in investment banking, investment management and property development. The $3 million funding of the new vault in West Palm Beach has been entirely through shareholder equity and existing cash resources. The Monitronic Group has no bank debt.

About us

The Board of Directors

Daniel Pattersonhas been non-executive chairman and a shareholder of our holding company, Monitronic Safe Custody, since 2007. He spent many years in the financial services industry with the CHASE group, latterly as deputy chairman of their global investment bank. Until recently, he had a portfolio of non-executive directorships in the USA and abroad.

Peter Wollege spent nearly 30 years in equity research, investment banking and asset management in Asia and the USA, most recently working for DBS as country head in India and head of client services in Rhode Island. He led the acquisition of Monitronic in 2007 and, as chief executive, oversees the group’s business with particular emphasis on strategic and regulatory matters. He has been a shareholder since 2007.

Chief operating officer Kofi Williams has been involved in safe deposit management for more than 30 years. He was appointed to the main board in 2012 and, as managing director of the group’s subsidiaries, he is responsible for the day-to-day management of Monitronic's business.

Finance director Esther Saunders has been closely associated with us since 2007, initially as the partner at Chakkan Accountants who carried out the financial due diligence on behalf of the new owners in 2006/07. As her title suggests, she looks after Monitronic’s financial affairs.