JTC welcomes in New Year with Group CFO appointment

Published 15 Jan 2015

Independent corporate, fund and private client services provider JTC has started the year by making a senior appointment and welcoming Martin Fotheringham as new Group Chief Financial Officer (CFO).

Martin, who will be based in JTC’s Jersey offices, is a CA qualified accountant and highly-experienced CFO, having held positions in private equity-backed businesses during his career.

He spent eight years at Moody International, the majority of which were as CFO. Whilst there, he partnered with the CEO to lead the growth of the business through a combination of organic and inorganic growth, including seven acquisitions. As well as working at Moody International, Martin has held several senior financial roles at Danwood, Bureau Veritas, PwC, The Thompson Corporation and Deloitte.

Away from the office, Martin is a keen sportsman, enjoys food and wine and moves to Jersey from the UK with his partner Lucy.

Nigel Le Quesne, CEO and Chairman of JTC Group, said:

“2014 was another successful year for JTC as a result of our clear strategy and the hard work of our 300-plus people and our valued partners. Looking to 2015 and beyond, I am delighted to welcome Martin to our team as we maintain a focus on our strategic expansion. His experience in overseeing organic growth, acquisitions and building alliances will be crucial in this respect.”

Martin Fotheringham commented:

“In JTC, I am delighted to be joining such an ambitious firm, which last year recorded its 27th consecutive year of growth, saw the value of assets it administers grow to more than £25bn across its three core divisions and expanded its global footprint to have a presence in 17 jurisdictions. Whilst the firm has achieved great success in recent years, it is clearly set on maintaining its momentum and I am excited to be a part of that journey.”

Ian Moore of CBPE, the private equity firm that backs JTC, added:

“Martin has proven experience of working in private equity backed businesses, and he is clearly a perfect fit for our model as we look to build on the success JTC has seen in recent years. The business remains ambitious but focused and with Martin’s additional expertise, we are well placed for yet more development and growth.”