Nigel Le Quesne, Group CEO & Chairman of JTC announced completion of its acquisition of Kleinwort Benson’s Fund Administration business, taking the company’s global headcount to over 450 staff.
Completion follows receipt of approvals from the relevant regulatory authorities and sees JTC add to its existing operations in the Channel Islands, as well as giving the company its first permanent presence in South Africa. The deal also brings JTC’s total Assets under Administration (AuA) to US$56 billion and bolsters its specific strengths in private equity, real estate and debt funds.
The conclusion of this acquisition for JTC is to strengthen their position as a leading global provider of fund services. While this is the largest acquisition JTC has undertaken to date, they are placing their focus on clients and staff experience with a view to deliver first-class service.