JTC Completes Acquisition of Merrill Lynch International Trust Business
JTC, an independent private wealth, funds and corporate service provider, has completed the acquisition of Merrill Lynch International Trust & Wealth Structuring business. The acquisition gives JTC a presence in the Isle of Man.
” JTC completes acquisition of Merrill Lynch International Trust Business “
The new business will be integrated into JTC’s Private Wealth Services division, providing the administration of trust services for international advisory clients.
Both Merrill Lynch and JTC have entered into strategic relationship where JTC will offer an extended range of trust administration services to Merrill Lynch’s clients. Merrill Lynch will retain its international wealth management business, including its brokerage accounts, trust assets and international financial advisors.
JTC’s Chairman and CEO, Nigel Le Quesne:
“JTC remains committed to providing high quality private wealth services, as demonstrated by our track record in servicing high and ultra-high net worth clients. Our new clients will soon see the benefits of partnering with JTC in relation to their administration and wealth structuring needs, while our new colleagues can be assured that they’ll be coming into a dynamic, innovative and client-focused environment.”
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