Financial services provider JTC has announced the acquisition of Luxembourg-based Exequtive Partners, a specialist provider of corporate and related fiduciary services.
Established in 2013, Exequtive's 28 staff, including five principals, will all join JTC's existing Institutional Client Services team with immediate effect.
As well as expanding JTC’s jurisdictional presence, the firm says the acquisition builds on its corporate services capabilities, complements its funds offering and creates opportunities for growth.
JTC, which has been operating in Luxembourg for 10 years, was recently granted a depositary licence by Luxembourg’s Ministry of Finance, enabling it to provide a one-stop-shop offering meeting regulatory and investor requirements.
Nigel Le Quesne, CEO of JTC, said: “Exequtive Partners is a specialist business in a key strategic location that has demonstrated outstanding performance since its inception. As such, this acquisition is reflective of our focus on strengthening our proposition for institutional clients.”
Joost Mees (pictured), one of the founders of Exequtive Partners, added: “Given the global consolidation in corporate and funds administration, we are happy to become part of the JTC family. The expansion of our offering will be of added value to our clients, as well as our team. Together, we are confident about increasing our footprint in the corporate and alternative investments market in Luxembourg and beyond.”
JTC listed on the main market of the London Stock Exchange in March 2018. It opened an office in Luxembourg in 2009 to provide a European centre for funds and corporate services.