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JTC sees uptick in new business | 22 July 2021

JTC sees uptick in new business | 22 July 2021
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JTC closes Indos acquisition

JTC closes Indos acquisition Specialist fund administrator JTC has completed its acquisition of depositary bank Indos Financial. Jersey-based JTC paid £11 million (€12.8 million) in a deal that was announced back in February. More than 50 Indos employees, including founder and chief executive Bill Prew, will become part of JTC’s Institutional Client Services division but the Indos brand will be retained “to demonstrate the integrity and independence of its depositary services under the Alternative Investment Fund Managers Directive (AIFMD)” according to a statement from JTC. The specialist fund administration market has been the subject of a number of acquisitions in recent months, partly in response to growing investor demand for private assets.

Investegate |JTC PLC Announcements | JTC PLC: Proposed Placing of New Ordinary Shares

Proposed Placing of New Ordinary Shares JTC, the global provider of fund, corporate and private client services, announces its intention to conduct a non pre-emptive placing of new ordinary shares (the Placing Shares ) of 1p each in the capital of the Company (the Placing ) to raise gross proceeds of up to c. £65m, representing approximately 9.0 per cent. of the current issued share capital of the Company. The total number of Placing Shares will not exceed 10.0 per cent. of the current issued share capital of the Company and the issue and allotment of the Placing Shares will be within the existing authorities of the JTC Board of Directors.

Wilmington Trust Names Abby Mrozinski as Head of Global Capital Markets

Wilmington Trust Names Abby Mrozinski as Head of Global Capital Markets
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Wilmington Trust Names Abby Mrozinski as Head of Global Capital Markets

Wilmington Trust Names Abby Mrozinski as Head of Global Capital Markets
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