JTC, the London listed 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.