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]

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. Archived from the original on August 28, 2019. 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.
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