JTC plc
{{Short description|Fund manager}}
{{Infobox company
| name = JTC plc
| logo = JTC_plc_Logo.svg
| type = Public limited company
| traded_as = {{ubl|{{lse|JTC}}|FTSE 250 component}}
| foundation = 1987
| location = Jersey
| key_people = Mike Liston (Chairman)
Nigel Le Quesne (CEO)
Martin Fotheringham (CFO)
| industry = Financial services
| products =
| revenue = {{increase}} £305.4 million (2024){{cite web|url=https://tools.eurolandir.com/tools/Pressreleases/GetPressRelease/?ID=7377234&lang=en-GB&companycode=je-jtc&v=|title=Preliminary Results 2024|publisher=JTC plc|access-date=8 April 2025}}
| operating_income = {{decrease}} £18.9 million (2024)
| net_income = {{decrease}} £(7.3) million (2024)
| num_employees =
| parent =
| subsid =
| homepage = {{URL|https://www.jtcgroup.com}}
| caption =
| footnotes =
}}
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.{{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}}
History
The company was established as Jersey Trust Company in Jersey in 1987 to provide fund management services to clients.{{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}} After buying Merrill Lynch's international trust and wealth structuring business in May 2017, the company was the subject of an initial public offering on the London Stock Exchange in March 2018.{{cite web|url=https://uk.reuters.com/article/uk-jtc-ipo/financial-services-firm-jtc-prices-london-ipo-at-290p-share-idUKKCN1GL10C|archive-url=https://web.archive.org/web/20190828093822/https://uk.reuters.com/article/uk-jtc-ipo/financial-services-firm-jtc-prices-london-ipo-at-290p-share-idUKKCN1GL10C|url-status=dead|archive-date=August 28, 2019|title=Financial services firm JTC prices London IPO at 290p/share|date=9 March 2018|publisher=Reuters|access-date=14 November 2020}} The company made two major acquisitions in 2020: it bought Sanne Group's private client business in March 2020{{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}} and then bought NES Financial for $40 million in April 2020.{{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}}{{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}} It is based in Jersey but also has offices in Cape Town, Guernsey and Luxembourg: it employs some 650 staff globally.{{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}}
References
{{reflist}}
External links
- [https://www.jtcgroup.com Official site]
{{FTSE 250 Index constituents}}
{{Authority control}}
Category:Financial services companies established in 1987