Following the announcement, Ben Challice will join the company as president and chief strategy officer, while current CEO Phil Morgan will move to a board role
The companies say the acquisition will support many of JTC’s key growth jurisdictions, and will cement JTC’s position as the leading independent provider of global trust services
The collaboration will integrate Tumelo’s pass-through voting infrastructure with Proxymity’s platform to enable retail investors in pooled funds to directly vote their shares
In this newly created role, Achintya Mangla will be responsible for Global Debt Capital Markets (DCM), Equity Capital Markets, Syndicate and Private Capital Markets
The merger of Vision Super and Active Super will create a fund managing more than US$29 billion in assets and serving 170,000 member accounts, the firm says