JTC confirms Kleinwort Benson completion

JTC has now completed its acquisition of Kleinwort Benson’s fund administration business following receipt of approvals from the relevant regulatory authorities. This takes its global headcount to over 450 staff and cements its position as one of the most dynamic growth companies in the sector, the firm says.

The acquisition sees JTC add to its existing operations in the Channel Islands, acquire its first permanent presence in South Africa; it brings total Assets under Administration (AuA) to $56 billion and bolsters the company’s strengths in private equity, real estate and debt funds.

Nigel Le Quesne, group CEO & chairman, said the conclusion of the acquisition marks another step in JTC’s journey as it strengthens its position as a leading global provider of fund services. “While this is the largest acquisition JTC has undertaken to date, our focus now is to provide a seamless experience for clients and staff and delivering first-class service will be the top priority throughout the integration process,” he said.