Jersey-based independent funds, corporate and fiduciary services provider JTC has completed its acquisition of New Amsterdam Cititrust B.V. (NACT).
As previously reported, the acquisition is part of plans to expand the firm’s presence in Europe and include the Netherlands as another outpost in its global operation.
JTC Group chief executive & chairman, Nigel Le Quesne, pictured above, said: “This extension of our presence in the Benelux region via the acquisition of NACT strengthens and deepens our offering to both institutional and private clients.
Edmond Hartsuiker, pictured below left, previously managing director of NACT, and now JTC managing director, Netherlands, added: “We are delighted to have joined JTC Group, with whom we share similar corporate values including an emphasis on technical expertise, first class service and a focus on creating needs-based solutions.”
JTC has over 600 staff operating from 19 jurisdictions globally and holds more than US$75bn of assets under administration The company was founded in Jersey 30 years ago and offers a full range of fund, corporate and fiduciary services to institutional and private clients based in more than 100 countries.
NACT was founded in 1981 and services a client portfolio ranging from entrepreneurs and their families to venture capitalists, private equity firms and publicly listed companies.
The business provides a range of corporate and administration services, including: company formation, corporate management, administration, accounting, financial reporting and legal and secretarial services.