JTC has announced the acquisition of Sanne’s private client business.
The acquisition, which is subject to relevant regulatory approvals, will expand JTC’s private client services presence in Jersey, with all clients and staff transferring to JTC as part of the transaction.
According to JTC, the deal forms part of its growth strategy, focusing on opportunities for organic and inorganic growth across its institutional client services and private client services divisions.
Established in 1988, Sanne’s private client business has built a reputation for the quality of its service delivery.
JTC CEO Nigel Le Quesne (pictured) commented: “We have built a strong reputation for client service excellence, innovation and consistent growth. Our Jersey platform continues to deliver strong commercial performance, and we look forward to using our acquisition experience to ensure a positive and seamless transition for both clients and new colleagues."
Martin Schnaier, Chief Executive Officer at Sanne, said: “As Sanne continues to focus its global operations on the alternatives and corporate sector, we were keen to ensure we found a player that shares the same passion for client service as we do. We believe our people and our clients will benefit from JTC’s experience and expertise in this sector.”