JTC has completed the acquisition of RBC cees, a provider in employee trust solutions and administering global employee benefit plans, to complement its existing corporate and trustee services.
The move will enhance JTC’s employee benefits offering, and expand a service line that has “good growth potential” due to market trends that support the increasing adoption of employee benefit programmes.
Rebranded to JTC Employer Solutions the business forms part of JTC’s growth strategy of blending organic growth of the core business with disciplined inorganic growth governed by clear acquisition criteria and supported by a track record of thorough and successful integration.
Employees based in Jersey, Guernsey, London and Edinburgh, including the senior management team, have transitioned to JTC to become part of the company’s Institutional Client Services (ICS) Division.
Nigel Le Quesne, CEO of JTC, comments: “We are delighted to officially welcome our new colleagues and clients to the Group today. This acquisition is a high-quality addition to our ICS Division and through its service offering, values and culture, the business is perfectly aligned with our strong shared ownership culture, one of our key differentiators for over 22 years.”
He continues: “As an established leader in the employee benefits market with a blue-chip client base and excellent people we see substantial growth potential for JTC Employer Solutions as it works to meet increasing global demand for employee ownership solutions.”
“We have strong acquisition experience to ensure that this is a positive and seamless transition for both clients and new colleagues, and I look forward to us all working together towards shared goals of service excellence and innovation,” adds Quesne.
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Nigel Le Quesne 