JTC has announced it will be taking over Sanne's private client business.
The acquisition, which is subject to regulatory approval, will expand JTC’s private client services presence in Jersey, with all clients and staff transferring to JTC as part of the transaction.
“We are delighted to welcome Sanne's private client team and clients to JTC," JTC CEO Nigel Le Quesne said, adding: "...We look forward to using our extensive acquisition experience to ensure a positive and seamless transition for both clients and new colleagues."
Martin Schnaier, Chief Executive Officer at Sanne, added: "As Sanne continues to focus its global operations on the growing alternatives and corporate sector, we were keen to ensure we found a leading player in the market that shares the same passion for high quality client service as we do.
"We believe our people and our clients will benefit from JTC’s experience and expertise in this sector. I wish all of our people every success as they enter a new chapter with JTC.”
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