JTC, the award winning global provider of fund, corporate and private client services, has reached agreement to purchase SANNE’s private client services business.
The purchase of SANNE’s private client business will include the transfer of its high-quality clients and its Jersey-based private client staff. SANNE’s private client business was established in 1988 and has a strong reputation for the expertise of its staff and quality of service delivery.
The transaction is subject to regulatory approval and is expected to complete in Q2 2020.
Nigel Le Quesne, Chief Executive Officer of JTC plc said:
“We are delighted to welcome SANNE’s private client team and clients to JTC. We have built a strong reputation for client service excellence, innovation and consistent growth. Our Jersey platform continues to deliver strong commercial performance, and we look forward to using our extensive acquisition experience to ensure a positive and seamless transition for both clients and new colleagues.”
Martin Schnaier, Chief Executive Officer of Sanne Group plc, commented:
“As SANNE continues to focus its global operations on the growing alternatives and corporate sector, we were keen to ensure we found a leading player in the market that shares the same passion for high quality client service as we do. We believe our people and our clients will benefit from JTC’s experience and expertise in this sector. I wish all of our people every success as they enter a new chapter with JTC.”