JTC to acquire FFP 21 June 2024 Cayman Islands Reporter: Klea Neza
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JTC has announced the acquisition of specialist fiduciary services provider FFP. The completion is subject to regulatory approval.
The acquisition of FFP aims to form part of a strategic initiative focused on the provision of a suite of specialist services designed to ensure effective management, oversight and decision-making within the group’s client base.
The combination aims to allow FFP to leverage JTC’s infrastructure and global network, which the companies say includes the largest and most sophisticated jurisdictions for the funds and trust markets.
This will accelerate geographic expansion beyond FFP’s current footprint to capture demand for its specialist services.
Nigel Le Quesne, CEO of JTC, says: “We believe that access to JTC’s global platform will accelerate FFP’s growth prospects with substantial opportunities across the group as we develop our Governance Services business line. The combination of our businesses will cement our leading position in the Cayman Islands, which is one of the pre-eminent financial jurisdictions globally.”
Michael Pearson, co-founder and partner of FFP, comments: “Joining the JTC Group provides us with access to a global platform that encompasses all key financial centres and we are relishing the prospects and opportunities this creates.
“That Nigel and team have astutely developed and led JTC for over 30 years was a very important factor for us in coming onboard.”
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