Fund, corporate and fiduciary services provider JTC Group has acquired Netherlands-based New Amsterdam Cititrust (NACT).
The deal remains subject to regulatory approvals, but the transaction is expected to complete by the middle of this year. All NACT’s management team and staff are expected to remain with the organisation and join JTC.
NACT was founded in 1981. Led by Managing Director Edmond Hartsuiker, it serves a client portfolio ranging from entrepreneurs and their families to venture capitalists, private equity firms and publicly listed companies.
The business provides a range of corporate and administration services, including company formation, corporate management, administration, accounting, financial reporting and legal and secretarial services.
JTC Group CEO and Chairman Nigel Le Quesne said: "The expansion of our global network to include the Netherlands is a natural extension of our presence in the Benelux region and the acquisition of NACT strengthens our offering to institutional and private clients."