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{{Short description|Fund manager}}
{{Infobox company
{{Infobox company
| name =JTC plc
| logo = JTC plc.png
| name = JTC plc
| logo = JTC_plc_Logo.svg
| type = [[Public limited company]]
| type = [[Public limited company]]
| traded_as = {{lse|JTC}}
| traded_as = {{ubl|{{lse|JTC}}|[[FTSE 250 Index|FTSE 250]] component}}
| foundation = 1987
| foundation = 1987
| location = [[Jersey]]
| location = [[Jersey]]
| key_people = Mike Liston ([[Chairman]])<br> Nigel Le Quesne ([[CEO]])
| key_people = Mike Liston ([[Chairman]])<br> Nigel Le Quesne ([[CEO]])<br> Martin Fotheringham ([[CFO]])
| industry =Financial services
| industry = Financial services
| products =
| products =
| revenue = {{increase}} [[Pound sterling|£]]115.1 million (2020)<ref name=results>{{cite web|url=https://otp.tools.investis.com/clients/uk/jtc_group/rns/regulatory-story.aspx?cid=2365&newsid=1468557|title=Annual Report 2019|publisher=JTC plc|access-date=14 November 2020}}</ref>
| 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>
| operating_income ={{decrease}} [[Pound sterling|£]]21.0 million (2020)<ref name=results/>
| operating_income = {{increase}} [[Pound sterling|£]]52.7 million (2023)<ref name=results/>
| net_income ={{decrease}} [[Pound sterling|£]]10.5 million (2020)<ref name=results/>
| net_income = {{decrease}} [[Pound sterling|£]]21.8 million (2023)<ref name=results/>
| num_employees =
| num_employees =
| parent =
| parent =
| subsid =
| subsid =
| homepage ={{URL|https://www.jtcgroup.com}}
| homepage = {{URL|https://www.jtcgroup.com}}
| caption =
| caption =
| footnotes =
| footnotes =
}}
}}
'''JTC plc''' is a provider of fund management 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>
'''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>


==History==
==History==

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 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 [[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>
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>


==References==
==References==

Revision as of 15:21, 12 April 2024

JTC plc
Company typePublic limited company
IndustryFinancial services
Founded1987
HeadquartersJersey
Key people
Mike Liston (Chairman)
Nigel Le Quesne (CEO)
Martin Fotheringham (CFO)
RevenueIncrease £257.4 million (2023)[1]
Increase £52.7 million (2023)[1]
Decrease £21.8 million (2023)[1]
Websitewww.jtcgroup.com

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

  1. ^ a b c "Preliminary Results 2023". JTC plc. Retrieved 12 April 2024.
  2. ^ "Hastings Group Holdings (UK): Constituent Deletion - Update". FTSE Russell. 11 November 2020. Retrieved 14 November 2020.
  3. ^ a b "JTC acquires Merrill Lynch's international trust and wealth structuring business". Wealth Adviser. 29 May 2017. Retrieved 14 November 2020.
  4. ^ "Financial services firm JTC prices London IPO at 290p/share". Reuters. 9 March 2018. Retrieved 14 November 2020.
  5. ^ "Jersey's SANNE sells its private client business to JTC". International Investment. 17 March 2020. Retrieved 14 November 2020.
  6. ^ "Fund administrator JTC acquires NES Financial in $40m deal". Global Custodian. 2 April 2020. Retrieved 14 November 2020.
  7. ^ "JTC's $116 Million Acquisition of NES Financial". Global Legal Chronicle. 7 April 2020. Retrieved 14 November 2020.
  8. ^ "Shared ownership model central to driving growth". 14 November 2020. 18 April 2019. Retrieved 14 November 2020.
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