JTC plc explained

JTC plc is a provider of fund administration services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.^[2]

History

The company was established as Jersey Trust Company in Jersey in 1987 to provide fund management services to clients.^[3] After buying Merrill Lynch's international trust and wealth structuring business in May 2017,^[3] the company was the subject of an initial public offering on the London Stock Exchange in March 2018.^[4] The company made two major acquisitions in 2020: it bought Sanne Group's private client business in March 2020^[5] and then bought NES Financial for $40 million in April 2020.^{[6] [7]} It is based in Jersey but also has offices in Cape Town, Guernsey and Luxembourg: it employs some 650 staff globally.^[8]

External links

• Official site

Notes and References

1. Web site: Preliminary Results 2023. JTC plc. 12 April 2024.
2. Web site: Hastings Group Holdings (UK): Constituent Deletion - Update. 11 November 2020. FTSE Russell. 14 November 2020.
3. Web site: JTC acquires Merrill Lynch's international trust and wealth structuring business. 29 May 2017. Wealth Adviser. 14 November 2020.
4. Web site: Financial services firm JTC prices London IPO at 290p/share. https://web.archive.org/web/20190828093822/https://uk.reuters.com/article/uk-jtc-ipo/financial-services-firm-jtc-prices-london-ipo-at-290p-share-idUKKCN1GL10C. dead. August 28, 2019. 9 March 2018. Reuters. 14 November 2020.
5. Web site: Jersey's SANNE sells its private client business to JTC. 17 March 2020. International Investment. 14 November 2020.
6. Web site: Fund administrator JTC acquires NES Financial in $40m deal. 2 April 2020. Global Custodian. 14 November 2020.
7. Web site: JTC's $116 Million Acquisition of NES Financial. 7 April 2020. Global Legal Chronicle. 14 November 2020.
8. Web site: Shared ownership model central to driving growth. 18 April 2019. 14 November 2020. 14 November 2020.