JTC makes Dutch acquisition

Tuesday 28 August 2018

A Jersey-headquartered provider of fund, corporate and private wealth services has entered into a conditional agreement to acquire a "fast-growing" Dutch company.

JTC are due to take on Van Doorn, a specialist provider of corporate and related fiduciary services based in Amsterdam, the Netherlands.

The acquisition is part of JTC’s growth strategy outlined at its IPO in March 2018.

Nigel Le Quesne, JTC CEO, said: “Van Doorn is a high-quality, fast-growing business that is an ideal bolt-on to our Institutional Client Services (ICS) Division and which strengthens and enlarges our Netherlands platform. The management team has built a successful business based on very similar principles to JTC and this deal allows Van Doorn to become part of a larger, established global network, while retaining its focus on sophisticated solutions and client service excellence.

“I am also pleased that the owner managers of the business will be moving to JTC as part of the transaction and bringing with them not only their wealth of experience and relationships, but also an energetic approach and strong appetite to drive future growth. We extend a warm welcome to our new colleagues, clients and partners.”