JTC, the London listed, Guernsey-based services provider, has announced the completion of its acquisition of Minerva, a Jersey based provider of private client, corporate, fund and treasury services.
The deal was first announced, subject to conditions, on 6 September 2018.
The completion of the acquisition will take JTC’s headcount to more than 650 across 18 locations, the firm said. Assets under administration will hit $100bn, increase the scale of services in three European locations – Jersey, London and Geneva – as well as Singapore and Mauritius.
Nigel Le Quesne, CEO of JTC PLC, said the deal would be particularly transformative in boosting business across Africa, Asia and the Middle East.
Confirmation of the latest acquisition comes following the appointment in August of James Tracey to managing director of its Guernsey office.