JTC launches fund administration offering in Ireland
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JTC launches fund administration offering in Ireland 09 August 2022Ireland Reporter: Jenna Lomax
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Global professional services provider, JTC has launched its fund administration offering in Ireland to complement its existing Alternative Investment Fund Manager (AIFM), depositary and corporate services.
The latest Irish offering will be led by Graham Kennedy, CEO of JTC Fund Solutions (Ireland) and follows Central Bank of Ireland regulatory approval.
Following the acquisitions of Ballybunion Capital Limited and INDOS Financial in 2021, JTC in Ireland is now able to provide fund solutions tailored to clients’ requirements covering fund administration, depositary, and corporate services from its offices in Dublin and Enniscorthy.
Fund administration services will include fund accounting, transfer agency, anti-money laundering and the preparation of fund financials with audit support.
Commenting on the launch of the administration offering, Kennedy says: “We are pleased that JTC has been issued its fund administration licence in a key financial jurisdiction such as Ireland.
“In conjunction with AIFM, depositary and corporate services, our agile teams are now able to offer clients a comprehensive range of fund and corporate services solutions, with high levels of customisation, no outsourcing or functionalisation of any core services, and supported by the depth and breadth of our global, listed parent company, JTC.”
He adds: “We would like to thank the Central Bank of Ireland for their valuable assistance during this process and we look forward to building our Irish presence over time and more importantly, our ability to deliver service excellence to our clients.”
Nigel Le Quesne, CEO of JTC Group, comments: “Ireland is an important part of the European fund environment and strategically important for JTC’s global service offering and future growth plans.
“With this final piece of the puzzle in place, our Irish office is well placed to provide tailor-made, in-house solutions and will become one of our key fund jurisdictions within the JTC Group.”
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