JTC Acquires Fund Administration Business In Guernsey
Friday, December 6, 2013
JTC Group (JTC) has acquired the fund administration business of the Guernsey-based Anson Group, according to the Guernsey International Finance Center.
Anson Fund Managers Limited (AFML) represents over GBP11.5bn in funds under administration and specializes in providing a wide range of support services to companies and funds.
Its clients include trading companies, open-ended and closed-ended funds and unit trusts, investment companies and limited partnerships, many of which are listed on stock exchanges such as the London Stock Exchange, Euronext and AIM. In addition to working for many London-listed companies, including FTSE 350 members, it acts for a third of companies listed on the London Specialist Funds Market.
Nigel Le Quesne, CEO and Chairman of JTC Group, commented: "Having identified Guernsey as an area of growth in the funds sector, we are delighted to have the opportunity to take on the AFML business which follows on from our acquisition of Ardel Fund Services in April this year."
Paul Duquemin, Managing Director in Guernsey, added: "This acquisition is another major step forward for the Group and significantly increases the strength and profile of our fund services offering, both in Guernsey and at an international level. Whilst it will be business as usual for AFML's clients, they will also have the advantage of access to JTC Group's wider global reach."