JTC is to provide fund administration and registrar services to Brooks Macdonald International, following the latter’s recent announcement that it is to acquire the Channel Islands funds and wealth management business of Lloyds Bank International.
JTC will provide services to Brooks Macdonald’s newly acquired business through its teams in Jersey, the UK and South Africa. The acquisition is expected to complete later this year, subject to regulatory approval.
Jon Jennings (pictured), JTC's Group Head of Institutional Client Services, said: “This is a hugely significant piece of business for us. It is particularly pleasing to have won this business during lockdown, demonstrating our resilience as a business.
"We also recognise how important this acquisition is for Brooks Macdonald International in terms of its growth ambitions in the Channel Islands.”