JTC plc

Last updated
JTC plc
Company type Public limited company
IndustryFinancial services
Founded1987
Headquarters Jersey
Key people
Mike Liston (Chairman)
Nigel Le Quesne (CEO)
Martin Fotheringham (CFO)
RevenueIncrease2.svg £257.4 million (2023) [1]
Increase2.svg £52.7 million (2023) [1]
Decrease2.svg £21.8 million (2023) [1]
Website www.jtcgroup.com

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]

Contents

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]

Related Research Articles

<span class="mw-page-title-main">FTSE 100 Index</span> Share index of the London Stock Exchange

The Financial Times Stock Exchange 100 Index, also called the FTSE 100 Index, FTSE 100, FTSE, or, informally, the "Footsie", is a stock market index of 100 of the most highly capitalised blue chip companies listed on the London Stock Exchange.

<span class="mw-page-title-main">Rentokil Initial</span> British business services company

Rentokil Initial is a British business services group based in Crawley, England. It was founded in 1925 as a pest-control business but subsequently expanded and diversified, in part through organic growth under the leadership of Sir Clive Thompson in the 1980s and 1990s, and in part, through the acquisition of BET plc in 1996, into a business delivering a wide range of facilities management services. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Invesco Ltd. is an American independent investment management company that is headquartered in Atlanta, Georgia, with additional branch offices in 20 countries. Its common stock is a constituent of the S&P 500 and trades on the New York stock exchange. Invesco operates under the Invesco, Trimark, Invesco Perpetual, WL Ross & Co and Powershares brand names.

<span class="mw-page-title-main">Schroders</span> British asset management company

Schroders plc is a British multinational asset management company headquartered in London, England. Founded in 1804, it employs over 6,000 people worldwide in 38 locations around Europe, America, Asia, Africa and the Middle East. It is traded on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">M&G</span> British fund management company

M&G plc is a global investment manager headquartered in the City of London. Since its de-merger from Prudential plc, it has been listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

<span class="mw-page-title-main">Resolution plc</span> UK insurance company

Resolution plc was a UK insurance company headquartered in the City of London. It was listed on the London Stock Exchange and was once a constituent of the FTSE 100 Index but was acquired by the Pearl Group in May 2008.

Investec is an Anglo-South African international banking and wealth management group. It provides a range of financial products and services to a client base in Europe, Southern Africa, and Asia-Pacific.

Butterfield, officially The Bank of N. T. Butterfield & Son Limited, is a bank founded and based in Bermuda. It provides services to clients from Bermuda, the Cayman Islands, Guernsey and Jersey, where its principal banking operations are located, and The Bahamas, Switzerland, Singapore and the United Kingdom, where it offers specialized financial services. Banking services comprise deposit, cash management and lending for individual, business and institutional clients. Wealth management services are composed of trust, private banking, asset management and custody. In Bermuda, the Cayman Islands and Guernsey, Butterfield offers both banking and wealth management. In The Bahamas, Singapore and Switzerland, Butterfield offers select wealth management services. In the UK, Butterfield offers residential property lending. In Jersey, it offers banking and wealth management services. Butterfield is publicly traded on the New York Stock Exchange and the Bermuda Stock Exchange.

<span class="mw-page-title-main">Bank of Georgia</span> Bank headquartered in Tbilisi, Georgia

Bank of Georgia Group PLC is a UK incorporated financial services holding company with its registered office in London, England, and its corporate headquarters in Tbilisi, Georgia.

<span class="mw-page-title-main">TP ICAP</span> UK financial services firm

TP ICAP Group plc is a financial services firm headquartered in London, United Kingdom. Its stock is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">Rathbones</span> UK asset management company

Rathbones Group Plc is a UK provider of personalised investment management and wealth management services for private investors and trustees. This includes discretionary investment management, unit trusts, tax planning, trust and company management, pension advice and banking services. The company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

Senior plc is the holding company for a global group of firms in the manufacturing and engineering industries, headquartered in Rickmansworth, England. The Company is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

<span class="mw-page-title-main">St. James's Place plc</span> British wealth management company

St. James's Place plc, formerly St. James's Place Capital plc, is a British financial advice company. The head office is in Cirencester, in Gloucestershire, and there are over twenty other offices in the United Kingdom. It is a combined adviser, fund manager and life insurance business. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

Mercury Asset Management plc was a leading British investment management business. It was listed on the London Stock Exchange and was a constituent of the FTSE 100 Index.

NES Financial is a privately held company that provides services for financial transactions. The company focuses its services on 1031 exchanges, EB-5, and escrow, and fund administration. NES Financial is based in San Jose, California and maintains a regional office in Boston.

Sanne Group is a provider of asset management services. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Apex Group in August 2022.

<span class="mw-page-title-main">Quilter plc</span> British financial services company

Quilter plc, formerly known as Old Mutual Wealth Management Limited, is a British multinational wealth management company formed to take over the UK wealth management business of Old Mutual plc after its separation of business. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index. The stock has a secondary listing on the Johannesburg Stock Exchange (JSE).

Liontrust Asset Management plc is a British specialist and independent fund management company. It is listed on the London Stock Exchange. It manages open-ended funds domiciled in the UK and Ireland, multi-asset portfolios, the Edinburgh investment Trust and segregated accounts. Liontrust handles investments for clients in Europe and South America. Liontrust is headquartered in London and also has offices in Edinburgh and Luxembourg.

<span class="mw-page-title-main">Clive Bannister</span>

Clive Bannister is the chair of the Museum of London, chair of Rathbones and chair of Beazley. He was formerly an insurance executive and banker.

<span class="mw-page-title-main">Abrdn</span> UK based investment company

Abrdn plc, formerly Standard Life Aberdeen plc, is a United Kingdom-based global investment company headquartered in Edinburgh, Scotland. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

References

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