JTC, global provider of fund, corporate and private client services, has been granted a new licence to provide corporate services in Abu Dhabi, as the company continues to build and strengthen its Middle East proposition.
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. The services will include the formation of companies and foundations, together with a full suite of supporting services to meet the needs of JTC’s international client and intermediary base.
In tandem with being granted the new licence, and in response to client demand, JTC has a new office in the prestigious ADGM, which will be overseen by Naro Zimmerman, recently appointed head of JTC’s UAE operation.
The development enhances JTC’s commitment to the Middle East market and follows growth in the Dubai office.
Nigel Le Quesne, CEO at JTC, said:
“As a global service provider, we are committed to offering our clients choice, and this latest move in the UAE is a reflection of that. Having operated an office in Dubai since 2018, we have been focused on enhancing our visibility in what we see as a key market. Acquiring a licence in the Abu Dhabi Global Market was a natural next step, aligned with our international strategy.
“Under the guidance of Naro, our new office will give us greater coverage in the UAE whilst the new licence will bolster our capabilities in areas where we know clients are seeking expertise including co-investment, securitisation, legacy planning and asset protection.”