JTC Group
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| Type | Private |
|---|---|
| Industry | Financial services |
| Founded | 1987 |
| Headquarters | Jersey |
| Key people | Nigel Le Quesne (CEO) Martin Fotheringham (CFO) |
| Revenue |  £381.9 million (2025)[1] |
| £39.1 million (2025)[1] | |
| £0.9 million (2025)[1] | |
| Website | www |
JTC Group is a provider of fund administration services. It was listed on the London Stock Exchange and was a constituent of the FTSE 250 Index until it was acquired by Permira and the Canada Pension Plan Investment Board in August 2026.
History
[edit]The company was established as Jersey Trust Company in Jersey in 1987 to provide fund management services to clients.[2] After buying Merrill Lynch's international trust and wealth structuring business in May 2017,[2] the company was the subject of an initial public offering on the London Stock Exchange in March 2018.[3] The company made two major acquisitions in 2020: it bought Sanne Group's private client business in March 2020[4] and then bought NES Financial for $40 million in April 2020.[5][6] It is based in Jersey but also has offices in Cape Town, Guernsey and Luxembourg.[7]
In November 2025 Permira and the Canada Pension Plan Investment Board reached a deal to acquire JTC for approximately £2.3 billion.[8]
The transaction was completed on 20 August 2026.[9]
References
[edit]- 1 2 3 "Preliminary Results 2025". JTC plc. Retrieved 7 April 2026.
- 1 2 "JTC acquires Merrill Lynch's international trust and wealth structuring business". Wealth Adviser. 29 May 2017. Retrieved 14 November 2020.
- ↑ "Financial services firm JTC prices London IPO at 290p/share". Reuters. 9 March 2018. Archived from the original on August 28, 2019. Retrieved 14 November 2020.
- ↑ "Jersey's SANNE sells its private client business to JTC". International Investment. 17 March 2020. Retrieved 14 November 2020.
- ↑ "Fund administrator JTC acquires NES Financial in $40m deal". Global Custodian. 2 April 2020. Retrieved 14 November 2020.
- ↑ "JTC's $116 Million Acquisition of NES Financial". Global Legal Chronicle. 7 April 2020. Retrieved 14 November 2020.
- ↑ "Shared ownership model central to driving growth". 14 November 2020. 18 April 2019. Retrieved 14 November 2020.
- ↑ Kirchfield, Aaron (9 November 2025). "Permira to Buy Corporate Services Firm JTC for £2.3 Billion". Bloomberg News.
- ↑ "Update on Conditions and Expected Scheme Timetable". Investegate. 5 August 2026. Retrieved 14 August 2026.