JTC outsources for blossoming fund admin 17 February 2014 The Channel Islands Reporter: Georgina Lavers
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Fund administrator JTC Group has chosen eFront to support the continuing expansion of its business portfolio.
The JTC Group is an independent multi-jurisdictional provider of private client, corporate and fund services. Headquartered in Jersey, it has expanded its fund management business with new acquisitions in 2013.
It purchased Anson Fund Managers in December of last year, and Ardel Fund Services (AFSL) in Guernsey in April 2013.
eFront’s solution, FrontInvest, aims to support the group’s increased commitment to the funds sector and help fulfill all necessary regulatory, financial and tax reporting requirements.
“This has been a period of rapid growth for the funds team,” said Miranda Lansdowne, group director of fund services, at JTC Group.
“Our investment in this market-leading solution supports our international growth strategy and has the flexibility we require as we deliver an increasing range of cross-border fund services.”
“We are very pleased to have expanded our presence in the Channel Islands and Luxembourg through this partnership with such a fast growing and professional organization as the JTC Group,” said Béatrice Vachonfrance, European sales director at eFront. “The fund administration industry has been and continues to be a key strategic market for eFront.”
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