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Ashburton Investments has signed an agreement with JTC to administer fund shareholder accounts.
Following full regulatory approval, the partnership between JTC and the Jersey-based asset management business of FirstRand Group will see JTC provide fund administration and fund accounting services to Ashburton Investments' investors.
It follows a review of Ashburton Investments’ operating platform, which the firm hopes will help it to better meet the needs of the group’s global client base.
“This agreement bolsters our global platform, giving us a strong and scalable platform for future growth," Corne Burger, Head of International at Ashburton said.
"We are delighted to be able to offer our fund clients enhanced administration services through a first-rate operator.”
“We are delighted to partner with Ashburton Investments to support their enhanced strategy and help them to continue to deliver first-class service to their clients," Nigel Le Quesne, CEO of JTC, added.
"Our deep experience in fund administration coupled with our scalable platform and best-in-class technology means that we will be able to provide a seamless and flexible service to Ashburton Investments and with the ability to grow alongside them.”
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