JTC Expands Further, Completes “NACT” Acquisition
Independent funds, corporate and fiduciary services provider JTC has completed the acquisition of New Amsterdam Cititrust B.V.(“NACT”), which was first announced in April 2017. With the acquisition, it strength the firm’s presence in Europe and expanded its global footprint to include the Netherlands.
” JTC has completed the acquisition of New Amsterdam Cititrust B.V. “
NACT was founded in 1981, providing corporate services to entrepreneurs, families, venture capitalists, private equity firms and publicly listed companies.
Commenting on the acquisition, which has been completed following regulatory approval in the Netherlands, JTC Group CEO & Chairman, Nigel Le Quesne, said: “This extension of our presence in the Benelux region via the acquisition of NACT strengthens and deepens our offering to both institutional and private clients. The team at NACT are multi-lingual with a vast experience and understanding of corporate structuring and regulation within Europe, enabling us to effectively service a client portfolio ranging from entrepreneurs and their families to venture capitalists, private equity firms and publicly listed companies.”
Edmond Hartsuiker, previously Managing Director of NACT, and now JTC Managing Director, Netherlands, added: “We are delighted to have joined JTC Group, with whom we share similar corporate values including an emphasis on technical expertise, first class service and a focus on creating needs-based solutions.”
News Source: Official Press Release
We are JTC, an independent, award-winning provider of fund, corporate and fiduciary services to institutional and private clients. Established in 1987, we now have over 500 people in offices across 19 jurisdictions, with assets under administration totalling over US$70 billion. Our independence and shared ownership culture means we all share the same priority: the best interests of our clients.
- Assets Under Administration: US$70 billion
- Employees: 500
Official Website: www.jtcgroup.com
News & Media: Press Release
Updated on 8th August 2016