JTC Group acquires book of business and staff from Herald Trust Company Limited

Thursday 16 January 2014

The JTC Group has announced a fresh acquisition of business and staff.

The group, which describes itself as one of the leading independent providers of private client, fund and corporate services, has confirmed the acquisition of a substantial book of private client business from Herald Trust Company Limited, which is no longer part of the Herald Group.

In addition to purchasing the client book, 27 Herald directors and staff based in Jersey have transferred to JTC Group’s St Helier offices. The move is part of the groups growth strategy, and they say it will "ensure seamless continuity of service for clients and secure a significant number of local jobs".

 Nigel Le Quesne, Group Chairman and CEO of JTC Group, commented: “The purchase of this book of business and the transfer of staff is part of our ongoing growth strategy and we are delighted to welcome our new clients and colleagues to JTC Group.”

Formed in 1987, JTC Group is a multi-jurisdictional, independent provider of private client, corporate and fund services. With a team of more than 250 people, they operate from 15 jurisdictions around the world with offices in Jersey, Guernsey, Luxembourg, the UK, Switzerland, the BVI, Argentina, Brazil, New Zealand and the USA.