Menu open icon Search icon Close icon facebook twitter youtube instagram linkedin Butterly graphic Facebook share icon Linkedin share icon Email share icon Twitter share icon Download Icon


2nd Jul 2020

JTC has been awarded the mandate to provide fund administration and registrar services to Brooks Macdonald International following the latter’s announcement last week that it is to acquire the Channel Islands funds and wealth management business of Lloyds Bank International (subject to regulatory approval).

Reflecting JTC’s multijurisdictional capabilities, it will be providing services to Brooks Macdonald’s newly acquired business through its teams in Jersey, the UK and South Africa.

The acquisition is expected to complete later this year, subject to regulatory approval, and represents a high-quality investment offering for an affluent and high net worth client base, with Funds Under Management of £1bn (May 2020).

Jon Jennings, Group Head of Institutional Client Services, JTC, said:

“This is a hugely significant piece of business for us, reflecting our stature in the fund administration arena, our multijurisdictional strength and our specialist expertise in open ended funds and registrar services as well as transfer agency and compliance services.

“It’s particularly pleasing to have won this business during lockdown circumstances, demonstrating our resilience as a business, whilst we also recognise how important this acquisition is for Brooks Macdonald International in terms of its growth ambitions in the Channel Islands, so it is pleasing for us to support that trajectory.”

Richard Hughes, Deputy CEO, Brooks Macdonald International, commented:

“JTC impressed us throughout the selection process for a fund administration partner. Despite the COVID-19 lockdown environment JTC was able to mobilise a senior team to analyse the complex mandate and put forward a compelling pitch in a very short timeframe. Ultimately our selection came down to JTC’s track record in fund administration, use of best of breed technology, quality team and depth of resources. We look forward to a developing a strong partnership with them for the long term.”

Our resources and strengths

We value shared ownership

We operate around the principle that if our people have a stake in the business, they will do a better job for our clients.

We invest in people

Over 83% of our employees hold a relevant professional qualification or are working towards this through our dedicated JTC Academy.

We embrace technology

We operate a variety of best-in-class systems to deliver and maintain an impeccable standard of administration and use technology to innovate in both service delivery and efficiency.

We value relationships

We aim to work with clients who share our belief in the importance of building strong relationships over time.

Submit an Enquiry

Please use this short form to help us respond to your enquiry as efficiently as possible.