Company formed in Jersey
JTC Employee Benefit Trust is created
JTC opens in the UK
JTC opens in the BVI
JTC opens in Switzerland
Group Directors complete full equity purchase
JTC opens in Luxembourg
JTC acquires the business of Caversham Fiduciary Services in Jersey
The purchase was an important strategic move for JTC and saw the Private Wealth practice grow significantly. Over 30 Caversham staff joined forces with the JTC team, including six new Directors who between them brought significant expertise and many years of industry experience. This brought the total number of employees in JTC to over 140 across our three core divisions; Private Wealth, Corporate and Funds & Employee Services.
JTC opens in Guernsey
JTC acquires Standard Bank's Jersey-based third party fund administration portfolio
JTC Celebrates 25 years
Established 25 Years
With a track record of success – having grown its revenue every year for 25 years – JTC now plans to take Jersey’s home-grown successful business model even further afield via acquisitions and organic growth.
JTC acquires Horizon Group's book of Jersey-based trust business
JTC opens in Argentina and Brazil
“We are delighted to welcome the team on board. This demonstrates JTC’s ability to target new jurisdictions and attract talented teams. Latin America is a really interesting market with huge potential, and the move is a milestone in realising our ambition to become a truly global player.”
Nigel Le Quesne
The team is headed up by two Argentine corporate lawyers, Emilio Miguel and Pablo Tedin, who are joined by fellow Argentines Elisa Lambre, Belen Suarez and Nicolas Recondo, as well as a Brazilian team, which comprises Luciana Fernandez, Gabriela Wimber and Marisa Carvalho.
Collectively, they bring with them a wealth of experience in the Latin American marketplace and more than 35 years’ experience in both the industry and this region in particular.
Commenting on this move Emilio states: “The Latin American market is growing at a fast pace and clients here require a reputable provider that has the knowledge and service levels to protect, manage and enhance wealth. JTC Group has built an impressive brand and geographical network that is synonymous with excellent service. It celebrates its 25th birthday this year, illustrating the strength of its expertise and client relationships.”
Pablo adds: “Having operated in this market for many years, we understand the requirements of Latin American clients and are very happy to have found a partner that can service their international needs.”> Nigel Le Quesne
JTC opens in New Zealand
JTC partners with CBPE Capital LLP
CBPE Capital invested in JTC in July 2012, providing capital to allow the business to continue to take advantage of positive market drivers and industry conditions, by increasing its geographical network and bolstering its capabilities to meet clients’ demands for a sophisticated global provider in this space.
“JTC has a track record of success, having grown revenue every year for the last 25 years. It has a strong financial profile, multi-jurisdictional offering and an excellent client base, supported by a best in class management team and loyal, long-standing employees.” Ian Moore, Investment Director at CBPE
JTC opens a representative office in the USA (Miami)
JTC acquires Ardel Fund Services in Guernsey
JTC acquired Ardel Fund Services Limited (AFSL), one of Guernsey’s premier third party fund administration providers.
AFSL, formerly Bachmann Fund Administration, was established in Guernsey in 1993. The team administers investment funds across a variety of asset classes, utilising a wide range of fund structures: both open and closed-ended companies, unit trusts and limited partnerships, including entities listed on the London Stock Exchange’s Main Market and Alternative Investment Market and also the Channel Islands Stock Exchange.
JTC establishes an alliance with Kensington Trust Group, providing coverage across Hong Kong, Indonesia, Labuan, Malaysia and Singapore
JTC establishes a presence in the Cayman Islands
JTC acquires Ardel Trust Company in Switzerland
JTC acquires Herald Trust Company's book of Jersey-based private client business
JTC opens a second representative office in the USA (New York)
The New York office operates as part of JTC Group Americas, headed up by Managing Director of the North American region Emilio Miguel, and serves as a hub for JTC’s growing network of intermediaries in the USA and a further gateway to the fast-growing Latin American market
JTC offer their suite of private client, corporate and fund services through their representative office in the top four global financial centres of New York, London, Hong Kong and Singapore, as rated by the respected Global Financial Centers Index
Equity for all
Our people are at the heart of our company, and so in 1998 we created the JTC Employee Benefit Trust, which turned our employees into stakeholders.
In 2014 this belief in shared ownership was embedded further into our culture with the Equity for All scheme, allowing all permanent members of staff the opportunity to invest in the future of their company.
This enables us to attract and retain the best people, whilst keeping them absolutely motivated and dedicated to our clients
Our shared ownership culture benefits our clients.
Kensington Trust Group
JTC and Kensington Trust Group (KTG) enhanced their strategic alliance, which commenced early 2013, via the investment by JTC in a strategic interest in KTG.
This investment demonstrates JTC’s commitment both to KTG and to Asia as a key economic region offering significant growth prospects.
JTC Group Head of Private Client Services, Iain Johns, commented “Asia is a huge growth market and one we continue to strategically invest in. As is reflected in the Cap Gemini World Wealth Report, Asia high net worth individuals and their families are requiring increasingly sophisticated and internationally-focused advice and services from professional wealth providers, encompassing robust wealth and estate planning and family office services. We are in an extremely strong position to meet this demand and provide a full suite of services globally.”
With KTG having offices and a prominent presence in Singapore, Hong Kong, Indonesia, Labuan, Kuala Lumpur and New Zealand, the alliance provides JTC with a superior Asian platform, and offers the Asian and Australasian market global access through JTC’s network of offices.
Regional Managing Director of KTG, Raymond Wong, added: “Our alliance with JTC enables us to meet the demanding needs of our international clients, in conjunction with an organisation aligned with ourselves and one that shares our core values and principles. Our association is clearly benefitting our clients and we are delighted that JTC has chosen to invest into our company, reinforcing their bond to KTG and Asia.”
JTC celebrates 27th consecutive year of growth with re-brand
Independent corporate, fund and private client services provider JTC Group has marked its 27th consecutive year of growth with the launch of a refreshed global brand, unveiled to staff, clients and intermediary partners.
The launch of JTC’s new look comes after another successful year, which saw the firm continue its strategic expansion plan, growing its Assets Under Administration (AUA) to more than £25bn across its three core divisions, expanding its global footprint to have a presence in 17 jurisdictions, growing its volume of clients to over 2,000, and increasing its global staff headcount to over 300.
JTC extends its global reach further with a licence to operate in Mauritius
JTC (Mauritius) Limited has recently been granted a licence by the Financial Services Commission to provide their suite of corporate, fund and private client services from Mauritius..
The Mauritius office will build on JTC’s existing fund, corporate and trust services for private and institutional clients. The office will focus on establishing and servicing Mauritius Global Business Companies, funds, listings of securities on the Stock Exchange of Mauritius and private client structuring.
JTC ENHANCES UK FUND SERVICING CAPABILITIES WITH UCIS AUTHORISATION
JTC has been granted an extension to its licence to offer an enhanced level of fund servicing capabilities in the UK.
The amendment to JTC’s permissions by the Financial Conduct Authority means that JTC is now authorised to act as an operator of unregulated collective investment schemes (UCIS) in the UK.
JTC DEAL COMPLETES AND BOOSTS AUA TO US$56 BILLION
Following an initial announcement in July, JTC has formally completed its acquisition of Kleinwort Benson’s Fund Administration business, taking the company’s global headcount to over 450 staff and cementing its position as one of the most dynamic growth companies in the sector.
Completion follows receipt of approvals from the relevant regulatory authorities and sees JTC add to its existing operations in the Channel Islands, as well as giving the company its first permanent presence in South Africa. The deal also brings JTC’s total Assets under Administration (AuA) to US$56 billion and bolsters its specific strengths in private equity, real estate and debt funds.
JTC CAYMAN ACQUISITION BOLSTERS FUND ADMINISTRATION CAPABILITIES
JTC ADDS USA TRUSTEE SERVICES TO RANGE OF GLOBAL FIDUCIARY SOLUTIONS
JTC was granted a trust license in South Dakota by the State’s financial authority and can now offer an enhanced range of trust services to its private and corporate clients, particularly those in the Americas and Asia with a US element to their planning needs.
Selected as a jurisdiction by JTC because of its trust legislation and fiscal regime, as well as the efficiency of its courts, its location in a convenient time-zone, and being part of one of the world’s most politically, economically and socially stable countries, South Dakota is an increasingly popular jurisdiction for private and institutional clients with US-connected wealth planning requirements.
JTC expands further as Dutch acquisition completes
JTC has completed its acquisition of New Amsterdam Cititrust B.V. (“NACT”), which was first announced in April 2017, thus strengthening the firm’s presence in Europe and expanding its global footprint to include the Netherlands.
JTC Acquiries Merrill Lynch's International Trust and Wealth Structuring Business
JTC has confirmed the formal completion of its acquisition of Merrill Lynch Wealth Management’s International Trust and Wealth Structuring business (“ITWS”), following regulatory approval from the Isle of Man Financial Services Authority.
The ITWS business, which will now be assimilated into JTC’s Private Wealth Services division, provides the administration of trust services for international advisory clients. The deal also sees the two organisations entering into a strategic relationship whereby JTC will offer an extended range of trust administration services to clients. Meanwhile, Merrill Lynch will retain its international wealth management business, including its brokerage accounts, trust assets and international financial advisors.> READ MORE
JTC Group Opens New Global Headquarters in Jersey
JTC Group began life in a small office on the Esplanade in St Helier, Jersey on Monday 23 March 1987. Three decades, three months (and three days!) later, our 200+ Jersey team yesterday returned to the Esplanade to all work under one Global HQ roof in an iconic new building which has been named JTC House.> READ MORE
JTC Lists on Main Market of London Stock Exchange
Having announced our intention to undertake an initial public offering (IPO) last week and having raised a significant £243.8 million in institutional investment prior to listing, JTC was admitted to the LSE this morning using the ticker JTC and with a market capitalisation of £310 million.> READ MORE
JTC Acquiries Van Doorn CFS
Van Doorn is a fast-growing, specialist provider of corporate and related fiduciary services based in Amsterdam, the Netherlands.
The acquisition is part of JTC’s growth strategy outlined at its IPO in March 2018 and as referred to in its trading update issued on 23 July 2018. In addition to this acquisition, the company continues to see further opportunities for both organic and inorganic growth.> READ MORE
JTC enters agreement to acquire established firm Minerva
JTC Acquires Minerva Trust
Having initially announced a conditional agreement to acquire Minerva on 6 September 2018, regulatory approvals have now been granted to conclude the deal.
As well as bringing JTC’s total headcount to more than 650 across 18 locations and growing the firm’s total value of assets under administration to US$100bn, the acquisition will specifically add a new Dubai office to JTC’s global network and increase the company’s scale of services in five of its existing locations – Jersey, London, Geneva, Singapore and Mauritius.> READ MORE
JTC expands Luxembourg presence with the acquisition of Exequtive Partners SA.
A fast-growing, specialist provider of corporate and related fiduciary services, the Luxembourg-based company was established in 2013 and has demonstrated exceptional growth over the past six years.
Exequtive Partners’ 28 employees, including the five principals, will all join the existing Institutional Client Services team at JTC, which this year marks its tenth anniversary of being in Luxembourg, with immediate effect. As well as expanding JTC’s jurisdictional presence, the acquisition also builds on its corporate services capabilities, complements its funds offering and creates greater opportunities for future growth.> READ MORE
JTC COMPLETES ACQUISITION OF SANNE PRIVATE CLIENT BUSINESS
JTC has completed the acquisition of Sanne’s private client business, which was announced in March this year.
The acquisition expands and enhances JTC’s presence in Jersey, with Sanne’s clients and staff from the private client services business transferring to JTC as part of the transaction.
The deal forms part of JTC’s ongoing growth strategy, with the company continuing to see opportunities for organic and inorganic growth across both its Institutional and Private Client Services divisions.> READ MORE
JTC COMPLETES ACQUISITION OF NES FINANCIAL
The acquisition of NESF, a technology-enabled, market leading provider of specialist fund administration services, represents a key part of JTC’s ongoing growth strategy. In particular it highlights the firm’s focus on developing its Institutional Client Services (ICS) business in the United States and its commitment to harnessing technology to drive future growth and operating efficiency.
Founded in 2005, NESF has 58 employees, all of whom join JTC, delivering services from Boston, Massachusetts and San Jose, California. It provides fund administration, treasury and related services to a broad client base including private equity, real estate and debt funds, and has established itself as a leader in the provision of full-service fund administration solutions in a number of niche US markets including 1031 exchange funds, EB-5 funds and Qualified Opportunity Zone funds.> READ MORE
JTC OPENS OFFICE IN DUBLIN> READ MORE
JTC enters FTSE 250 Index
From 16 November 2020, JTC moves from FTSE SmallCap Index to the FTSE 250 Index, as a result of the continued growth and performance of the business since the Initial Public Offering (IPO) in 2018.
JTC Opens office in Abu Dhabi
The licence has been awarded to JTC by the Abu Dhabi Global Market (ADGM), an international financial free zone in the heart of Abu Dhabi. It is effective immediately and enables the firm to provide a broad range of services as a licensed corporate service provider.> JTC Continues Middle East Growth With Abu Dhabi Licence
JTC Completes acquisition of RBC cees Limited
Rebranded to JTC Employer Solutions the business forms part of JTC’s ongoing growth strategy of blending organic growth of the core business with disciplined inorganic growth governed by clear acquisition criteria and supported by a strong track record of thorough and successful integration.> JTC completes acquisition of RBC cees Limited
JTC completes acquisition of INDOS Financial
INDOS Financial builds on JTC’s well-established fund services capabilities and will allow the Group to offer enhanced governance and technical expertise to clients, utilising INDOS Financial’s position as an industry-leading specialist in the provision of independent fund oversight services, including Depositary, Environmental, Social and Governance (ESG), Anti-Money Laundering (AML) and Cayman Islands Private Funds.> JTC completes acquisition of INDOS financial
JTC has granted share awards worth £20m as part of its long-established shared ownership programme.
The latest shared ownership awards reflect the continued strong performance of the Group, which has a track record of revenue and profit growth spanning more than 30 years. Since listing in 2018 the business has doubled in size and entered the FTSE 250 index in December 2020. JTC PLC has a market cap of c. £820 m.> JTC EMPLOYEE SHARED OWNERSHIP PROGRAMME AWARDS £20M TO GLOBAL WORKFORCE
Acquisition of Segue Partners, an innovative US Fund Services Business> JTC Acquires US Fund Services Business, Segue Partners
JTC has agreed to acquire Ballybunion Capital
Ballybunion has a strong reputation in the alternative funds industry and its solutions-based funds service offering has focused on the premium end of the market, covering both alternative and traditional asset classes, including private equity, loans, real estate, fixed income, ESG and life settlements.> JTC Acquires Boutique Asset Manager Ballybunion Capital, in Ireland
ACQUISITION COMPLETION OF SALI FUND SERVICES
SALI Fund Services is a US-based and market leading provider of fund services to the Insurance Dedicated Fund (IDF) and Separately Managed Account (SMA) market. Founded in 2002 and headquartered in Austin, Texas, SALI provides a sophisticated turn-key solution for the creation and administration of IDFs. This latest acquisition firmly advances our strategic objective to strengthen JTC’s presence in the US as well as opening up new complementary business lines and opportunities for the Group.
JTC Acquires Perform Due Diligence Services
Launched in 2019, perfORM was set up as an Operational Due Diligence (ODD) business to provide solutions to asset allocators (including pension funds; wealth managers; family offices; fund of funds; asset managers; and endowments) across private credit / equity, real estate, infrastructure, hedge, crypto / digital assets, and long only. As one of the only practitioner-led businesses of its kind in London, perfORM has since grown its client base substantially, underpinned by its credibility, flexibility and use of technology.
JTC Further Bolsters US Platform with Acquisition of Essential Fund Services
Co-founded in 2009 by present Managing Member and sole owner Gerard M. Federici, Essential Fund Services offers a broad range of services in the alternative assets space, including accounting, reporting and administrative services to investment partnerships and their investment managers.
JTC Completes Acquisition of New York Private Trust Company
NYPTC is highly complementary to JTC’s existing Private Client Services operations in the US, which were established in 2013 and now include offices in Delaware, Miami, New York and South Dakota.
c.US$200 Billion AUA