JTC acquires Luxembourg services provider
26 March 2019 Luxembourg
Image: Shutterstock
JTC has acquired Exequtive Partners, a Luxembourg-based specialist provider of corporate and related fiduciary services.
Exequtive Partners’ 28 employees, including the five principals, will all join the existing institutional client services team at JTC.
As well as expanding JTC’s jurisdictional presence, the acquisition also builds on its corporate services capabilities, complements its funds offering and creates greater opportunities for future growth.
JTC said it was fully committed to Luxembourg and the industry, and recently enhanced its fund platform by being granted a depositary license by Luxembourg’s Ministry of Finance.
This, coupled with its ManCo service, significantly strengthens its capabilities in the EU.
Nigel Le Quesne, CEO of JTC, commented: “Exequtive Partners is a specialist business in a key strategic location that has demonstrated outstanding performance since its inception. As such, this acquisition is reflective of our focus on high-quality growth and on strengthening our proposition for institutional clients.”
Joost Mees, one of the founders of Exequtive Partners, added: “Given the global consolidation in corporate and funds administration, we are very happy to become an integral part of the JTC family which has been built on the same values that both companies recognise as fundamental to success.”
“The expansion of our offering will be of added value to our clients as well as our team who will all have the opportunity of working with an energetic business with a clear shared ownership philosophy at its core. Together, we are confident about increasing our footprint in the corporate and alternative investments market in Luxembourg and beyond.”
Exequtive Partners’ 28 employees, including the five principals, will all join the existing institutional client services team at JTC.
As well as expanding JTC’s jurisdictional presence, the acquisition also builds on its corporate services capabilities, complements its funds offering and creates greater opportunities for future growth.
JTC said it was fully committed to Luxembourg and the industry, and recently enhanced its fund platform by being granted a depositary license by Luxembourg’s Ministry of Finance.
This, coupled with its ManCo service, significantly strengthens its capabilities in the EU.
Nigel Le Quesne, CEO of JTC, commented: “Exequtive Partners is a specialist business in a key strategic location that has demonstrated outstanding performance since its inception. As such, this acquisition is reflective of our focus on high-quality growth and on strengthening our proposition for institutional clients.”
Joost Mees, one of the founders of Exequtive Partners, added: “Given the global consolidation in corporate and funds administration, we are very happy to become an integral part of the JTC family which has been built on the same values that both companies recognise as fundamental to success.”
“The expansion of our offering will be of added value to our clients as well as our team who will all have the opportunity of working with an energetic business with a clear shared ownership philosophy at its core. Together, we are confident about increasing our footprint in the corporate and alternative investments market in Luxembourg and beyond.”
NO FEE, NO RISK
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
100% ON RETURNS If you invest in only one asset servicing news source this year, make sure it is your free subscription to Assegt Servicing Times
