Ashburton Investments, the Jersey-based asset management business of FirstRand Group, has signed an agreement with JTC to administer fund shareholder accounts following full regulatory approval.
The partnership will see JTC provide fund administration and fund accounting services to Ashburton Investments investors.
The agreement will provide clients in Ashburton’s Jersey-domiciled funds and nominee service with an enhanced administration service delivered through fund administration technology.
This follows a review of Ashburton Investments’ operating platform to better meet the needs of its global client base.
Corne Burger, Head: International at Ashburton, commented: “This agreement bolsters our global platform, giving us a strong and scalable platform for growth.”
JTC CEO Nigel Le Quesne added: “We are delighted to partner with Ashburton Investments. Our experience in fund administration, coupled with our scalable platform, means we will be able to provide a flexible service to Ashburton Investments with the ability to grow alongside them.”