The structure of the WTBTS in the UK is that they have split the asset & trading divisions ( presumably to ringfence a catastophic legal claim , such as a paedophilia class action. ) In fairness to the Society , this is a model that many companies follow , and it also makes it easier for the property arm to sale & leaseback its assets.
IBSA ( primarily the asset holding division )
Watch Tower ( trading division )
One interesting nugget was that the WTBTS paid £280,000 to financial advisors during the year. WTBTS of Britain has over £10 million in unlisted investments , including derivatives. No wonder the society top brass get invited to so many conferences.