JTC has completed its acquisition of RBC CEES from RBC Holdings (Channel Islands), part of RBC Wealth Management, which was announced in December.
Rebranded as JTC Employer Solutions, the acquisition complements JTC’s existing corporate and trustee services and enhances the group’s employee benefits offering.
Employees based in Jersey, Guernsey, London and Edinburgh, including the senior management team, have transitioned to JTC to become part of the company’s Institutional Client Services (ICS) division.
JTC CEO Nigel Le Quesne (pictured) commented: “This acquisition is a high-quality addition to our ICS division. We see substantial growth potential for JTC Employer Solutions as it works to meet increasing global demand for employee ownership solutions."