JTC plc

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JTC plc
TypePublic limited company
  • LSE: JTC
  • FTSE 250 component
IndustryFinancial services
Founded1987
HeadquartersJersey
Key people
Mike Liston (Chairman)
Nigel Le Quesne (CEO)
RevenueIncrease £115.1 million (2020)[1]
Decrease £21.0 million (2020)[1]
Decrease £10.5 million (2020)[1]
Websitewww.jtcgroup.com

JTC plc is a provider of fund management services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]

History[]

The company was established in Jersey in 1987 to provide fund management services to clients.[3] After buying Merrill Lynch's international trust and wealth structuring business in May 2017,[3] the company was the subject of an initial public offering on the London Stock Exchange in March 2018.[4] The company made two major acquisitions in 2020: it bought Sanne Group's private client business in March 2020[5] and then bought NES Financial for $40 million in April 2020.[6][7] It is based in Jersey but also has offices in Guernsey and Luxembourg: it employs some 650 staff globally.[8]

References[]

  1. ^ a b c "Preliminary Results 2020". JTC plc. Retrieved 16 April 2021.
  2. ^ "Hastings Group Holdings (UK): Constituent Deletion - Update". FTSE Russell. 11 November 2020. Retrieved 14 November 2020.
  3. ^ a b "JTC acquires Merrill Lynch's international trust and wealth structuring business". Wealth Adviser. 29 May 2017. Retrieved 14 November 2020.
  4. ^ "Financial services firm JTC prices London IPO at 290p/share". Reuters. 9 March 2018. Retrieved 14 November 2020.
  5. ^ "Jersey's SANNE sells its private client business to JTC". International Investment. 17 March 2020. Retrieved 14 November 2020.
  6. ^ "Fund administrator JTC acquires NES Financial in $40m deal". Global Custodian. 2 April 2020. Retrieved 14 November 2020.
  7. ^ "JTC's $116 Million Acquisition of NES Financial". Global Legal Chronicle. 7 April 2020. Retrieved 14 November 2020.
  8. ^ "Shared ownership model central to driving growth". 14 November 2020. 18 April 2019. Retrieved 14 November 2020.

External links[]

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