JTC expands with Dutch acquisition

Friday 04 August 2017

Fund specialist JTC has acquired Dutch independent and privately owned trust company New Amsterdam Cititrust B.V. (“NACT”), thus strengthening its presence in Europe and expanding its global footprint.

JTC first announced the acquisition, which has now been completed following regulatory approval in the Netherlands, in April 2017.

NACT was founded in 1981 and, through its team of "highly experienced" professionals, services a client portfolio ranging from entrepreneurs and their families to venture capitalists, private equity firms and publicly listed companies. The business provides a range of corporate and administration services, including company formation, corporate management, administration, accounting, financial reporting and legal and secretarial services. 

Commenting on the acquisition, Nigel Le Quesne (pictured), JTC Group CEO & Chairman, said: "This extension of our presence in the Benelux region via the acquisition of NACT strengthens and deepens our offering to both institutional and private clients. The team at NACT are multi-lingual with a vast experience and understanding of corporate structuring and regulation within Europe, enabling us to effectively service a client portfolio ranging from entrepreneurs and their families to venture capitalists, private equity firms and publicly listed companies."

Edmond Hartsuiker, previously Managing Director of NACT, and now JTC Managing Director, Netherlands, added: "We are delighted to have joined JTC Group, with whom we share similar corporate values including an emphasis on technical expertise, first class service and a focus on creating needs-based solutions.”

JTC now has over 600 staff operating from 19 jurisdictions in the world and holds more than US$75 billion of Assets under Administration (AuA).