JTC Group invests in Cayman

Friday 29 August 2014

JTC Group has been granted a licence to provide private client, corporate, fund and real estate services in the Cayman Islands.

The group has had a presence in Cayman through an alliance office since least year but is now licenced to deliver its full range of services. The Cayman office will continue to build on its existing services for private and international clients to include company incorporation and administration services and the provision of directors to companies and regulated funds.

The office will focus on establishing and servicing Cayman domiciled funds as well as listings of securities on the Cayman Islands Stock Exchange.

Stuart Pinnington, Group Head of Corporate Services, who will oversee the Cayman office, said: "Obtaining this licence and investing into Cayman reinforces JTC Group’s commitment to providing our clients and investors with a truly international service. Many of our clients are based in Asia and the Middle East and have shown a keen interest in Cayman as a service centre and we are now able to offer them our full suite of services.

"Cayman is an exciting and necessary addition to our global footprint. It is viewed as a major international finance centre with a thriving financial services industry and is particularly attractive to private and institutional investors. It is also recognised as a leading jurisdiction for fund establishment which aligns with our growing funds practice."

In total JTC Group now has a presence in 20 jurisdictions through its main service centres, alliance and sales offices.