Having been granted a trust license in South Dakota by the State’s financial authority, JTC is now able to 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.
Discussing the latest development, Nigel Le Quesne, JTC Group CEO and Chairman, said:
“Our presence in key global financial centres continues to expand and evolve and, with that in mind, I’m delighted that we are now able to offer fiduciary services from South Dakota, a jurisdiction with a growing reputation for its progressive trust legislation. This legislation is opening up new and exciting opportunities for private and corporate clients with a US element to their financial planning needs. It is this US planning element that was fundamental to our decision to establish ourselves in the jurisdiction.”
Emilio Miguel, Managing Director – Americas, commented:
“We believe that by entering this market we are putting ourselves in a strong position against our key competitors. By combining our collective experience and global reach with an independent, boutique experience, we feel we are uniquely placed to offer our global client base a superior service. This is a compelling stage in JTC’s evolution which offers significant opportunities to clients.”
JTC established a presence in the USA in 2013 with a representative office in Miami, from where it offers corporate, fund and bespoke private client services, whilst the firm expanded its North American operations in 2014 with the establishment of a further office in New York. JTC has had a presence in the Americas since 2012 through its offices in Argentina and Brazil, complementing its global network with representation in 18 jurisdictions worldwide.