To support ongoing growth and the evolution of its proposition in the Americas market, global professional services business, JTC, has announced a number of enhancements to the structure of its Private Client Services (PCS) division, creating two new distinct regions: JTC USA (PCS) and JTC LatAm.
The changes, which come into effect as from today (1 July), include a number of senior personnel and role changes within the newly created regions, to provide a leadership structure that can enable JTC to deliver on its Americas growth ambitions while continuing to deliver excellent standards of service.
Matt Tobin and Jim Paladino, who both joined JTC through its acquisition of South Dakota Trust Company (SDTC) in 2023, will become Regional Co-Heads of JTC USA (PCS). They will lead the SDTC offices in South Dakota and New York, and they will take on the additional responsibility of overseeing JTC’s operations in Delaware and South Dakota.
Meanwhile, Emilio Miguel, who was instrumental in the launch of JTC Americas in 2012 and has played a pivotal role in the growth of JTC in the US, is relocating back to Argentina to take on the role of Regional Head of JTC LatAm, which will span Mexico, Central America and South America. He will also continue to lead the Miami-based LatAm team.
JTC first established a private client presence in the US in 2012 when it opened its Miami office. This was then followed by the launch of an office in New York before being granted a Trust Charter in South Dakota in 2016. More recently, JTC has made a number of key private client acquisitions, including New York Private Trust Company (NYPTC) in 2022, which provided JTC with a Delaware Charter, and South Dakota Trust Company (SDTC) in 2023. In April this year, JTC announced its intention to acquire First Republic Trust Company in Delaware, which remains subject to regulatory approval. As a result of this growth, JTC is now the largest independent trust company in the US.
Commenting on the changes, Iain Johns, Group Head of Private Client Services at JTC, said:
“Given the evolution and expansion of our proposition across the US and Latin America markets, it is timely and appropriate for us to restructure our operations, to give us the best platform for further growth and ensure we continue to provide consistently high levels of service to high net worth individuals and families.
“For more than a decade, JTC has provided a broad range of private client services in the Americas, enhancing our offering over that time so that today our US teams provide a comprehensive suite of specialist services for domestic US clients, Latin American families and clients based around the globe. The creation of these new regions, led by our new-look senior team, underlines our position as the largest independent provider of trust services in the US market and give us a strong platform to continue to evolve our unique proposition in the US. With that in mind, I’m delighted to welcome Emilio, Jim and Matt to their new roles, and I look forward to working with them to unlock further potential in these markets.”