JTC plc | |
Type: | Public limited company |
Foundation: | 1987 |
Location: | Jersey |
Key People: | Mike Liston (Chairman) Nigel Le Quesne (CEO) Martin Fotheringham (CFO) |
Industry: | Financial services |
Revenue: | £257.4 million (2023)[1] |
Operating Income: | £52.7 million (2023) |
Net Income: | £21.8 million (2023) |
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]
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]