JTC to acquire Buck UK and Buck Share Plans 19 August 2024Jersey Reporter: Klea Neza
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JTC has acquired Buck UK and the European Share Plan Administration and Trustee businesses (Buck Share Plans) from Arthur J. Gallagher & Co. The completion is subject to regulatory approvals.
The firm says the acquisition will complement and enhance JTC’s existing Employer Solutions platform, which continues to deliver attractive growth for the group.
Buck Share Plans also aims to bring an existing book of high-quality, blue-chip clients, as well as an experienced, client-focused and committed team of 16 professionals based in the UK, Guernsey and Germany.
Nigel Le Quesne, CEO of JTC, says: “We believe that our passion for shared ownership, combined with the 25-year track record of our Employer Solutions business, continues to cement our position as a market leader. The JTC Employer Solutions business continues to grow strongly, and we are pleased to be able to further expand our employee share plan offering.”
David Piltz, CEO of Gallagher’s Benefits and HR Consulting Division, UK, comments: “From a Gallagher perspective, cultural fit was such an important factor in our decision to undertake this deal with JTC. It was crucial to us that our people and our clients would be moving to an organisation which shared Gallagher’s values and focus on both exceptional client service and a collaborative, supportive and inclusive working environment.”
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