JTC plc: Difference between revisions
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{{Short description|Fund manager}} |
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{{Infobox company |
{{Infobox company |
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| name =JTC plc |
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| name = JTC plc |
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| logo = JTC_plc_Logo.svg |
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| type = [[Public limited company]] |
| type = [[Public limited company]] |
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| traded_as = {{lse|JTC}} |
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| traded_as = {{ubl|{{lse|JTC}}|[[FTSE 250 Index|FTSE 250]] component}} |
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| foundation = 1987 |
| foundation = 1987 |
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| location = [[Jersey]] |
| location = [[Jersey]] |
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| key_people = Mike Liston ([[Chairman]])<br> Nigel Le Quesne ([[CEO]]) |
| key_people = Mike Liston ([[Chairman]])<br> Nigel Le Quesne ([[CEO]])<br> Martin Fotheringham ([[CFO]]) |
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| industry =Financial services |
| industry = Financial services |
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| products = |
| products = |
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| revenue = {{increase}} [[Pound sterling|£]] |
| revenue = {{increase}} [[Pound sterling|£]]257.4 million (2023)<ref name=results>{{cite web|url=https://otp.tools.investis.com/clients/uk/jtc_group/rns/regulatory-story.aspx?cid=2365&newsid=1807596|title=Preliminary Results 2023|publisher=JTC plc|access-date=12 April 2024}}</ref> |
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| operating_income ={{ |
| operating_income = {{increase}} [[Pound sterling|£]]52.7 million (2023)<ref name=results/> |
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| net_income ={{decrease}} [[Pound sterling|£]] |
| net_income = {{decrease}} [[Pound sterling|£]]21.8 million (2023)<ref name=results/> |
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| num_employees = |
| num_employees = |
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| parent = |
| parent = |
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| subsid = |
| subsid = |
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| homepage ={{URL|https://www.jtcgroup.com}} |
| homepage = {{URL|https://www.jtcgroup.com}} |
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| caption |
| caption = |
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| footnotes = |
| footnotes = |
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'''JTC plc''' is a provider of fund |
'''JTC plc''' is a provider of fund administration services. It is listed on the [[London Stock Exchange]] and is a constituent of the [[FTSE 250 Index]].<ref>{{cite web|url=https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2598270|title=Hastings Group Holdings (UK): Constituent Deletion - Update|date=11 November 2020|publisher=FTSE Russell|access-date=14 November 2020}}</ref> |
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==History== |
==History== |
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The company was established in [[Jersey]] in 1987 to provide fund management services to clients.<ref name=reuters>{{cite web|url=https://www.wealthadviser.co/2017/05/29/252210/jtc-acquires-merrill-lynchs-international-trust-and-wealth-structuring-business|title=JTC acquires Merrill |
The company was established as Jersey Trust Company in [[Jersey]] in 1987 to provide fund management services to clients.<ref name=reuters>{{cite web|url=https://www.wealthadviser.co/2017/05/29/252210/jtc-acquires-merrill-lynchs-international-trust-and-wealth-structuring-business|title=JTC acquires Merrill Lynch's international trust and wealth structuring business|date=29 May 2017|publisher=Wealth Adviser|access-date=14 November 2020}}</ref> After buying [[Merrill (company)|Merrill Lynch]]'s international trust and wealth structuring business in May 2017,<ref name=reuters/> the company was the subject of an [[initial public offering]] on the [[London Stock Exchange]] in March 2018.<ref>{{cite web|url=https://uk.reuters.com/article/uk-jtc-ipo/financial-services-firm-jtc-prices-london-ipo-at-290p-share-idUKKCN1GL10C|title=Financial services firm JTC prices London IPO at 290p/share|date=9 March 2018|publisher=Reuters|access-date=14 November 2020}}</ref> The company made two major acquisitions in 2020: it bought [[Sanne Group]]'s private client business in March 2020<ref>{{cite web|url=https://www.internationalinvestment.net/news/4012548/jersey-sanne-sells-private-client-business-jtc|title=Jersey's SANNE sells its private client business to JTC|date=17 March 2020|publisher=International Investment|access-date=14 November 2020}}</ref> and then bought [[NES Financial]] for $40 million in April 2020.<ref>{{cite web|url=https://www.globalcustodian.com/fund-administrator-jtc-acquires-nes-financial-40m-deal/|title=Fund administrator JTC acquires NES Financial in $40m deal|date=2 April 2020|publisher=Global Custodian|access-date=14 November 2020}}</ref><ref>{{cite web|url=http://www.globallegalchronicle.com/jtcs-116-million-acquisition-of-nes-financial/|title=JTC's $116 Million Acquisition of NES Financial|date=7 April 2020|publisher=Global Legal Chronicle|access-date=14 November 2020}}</ref> It is based in [[Jersey]] but also has offices in [[Cape Town]], [[Guernsey]] and [[Luxembourg]]: it employs some 650 staff globally.<ref>{{cite web|url=https://jerseyeveningpost.com/news/business/2019/04/18/shared-ownership-model-central-to-driving-growth/|title=Shared ownership model central to driving growth|date=18 April 2019|publisher=14 November 2020|access-date=14 November 2020}}</ref> |
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==References== |
==References== |
Revision as of 15:21, 12 April 2024
Company type | Public limited company |
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Industry | Financial services |
Founded | 1987 |
Headquarters | Jersey |
Key people | Mike Liston (Chairman) Nigel Le Quesne (CEO) Martin Fotheringham (CFO) |
Revenue | £257.4 million (2023)[1] |
£52.7 million (2023)[1] | |
£21.8 million (2023)[1] | |
Website | www |
JTC plc is a provider of fund administration services. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]
History
The company was established as Jersey Trust Company in Jersey in 1987 to provide fund management services to clients.[3] After buying Merrill Lynch's international trust and wealth structuring business in May 2017,[3] the company was the subject of an initial public offering on the London Stock Exchange in March 2018.[4] The company made two major acquisitions in 2020: it bought Sanne Group's private client business in March 2020[5] and then bought NES Financial for $40 million in April 2020.[6][7] It is based in Jersey but also has offices in Cape Town, Guernsey and Luxembourg: it employs some 650 staff globally.[8]
References
- ^ a b c "Preliminary Results 2023". JTC plc. Retrieved 12 April 2024.
- ^ "Hastings Group Holdings (UK): Constituent Deletion - Update". FTSE Russell. 11 November 2020. Retrieved 14 November 2020.
- ^ a b "JTC acquires Merrill Lynch's international trust and wealth structuring business". Wealth Adviser. 29 May 2017. Retrieved 14 November 2020.
- ^ "Financial services firm JTC prices London IPO at 290p/share". Reuters. 9 March 2018. Retrieved 14 November 2020.
- ^ "Jersey's SANNE sells its private client business to JTC". International Investment. 17 March 2020. Retrieved 14 November 2020.
- ^ "Fund administrator JTC acquires NES Financial in $40m deal". Global Custodian. 2 April 2020. Retrieved 14 November 2020.
- ^ "JTC's $116 Million Acquisition of NES Financial". Global Legal Chronicle. 7 April 2020. Retrieved 14 November 2020.
- ^ "Shared ownership model central to driving growth". 14 November 2020. 18 April 2019. Retrieved 14 November 2020.