Jersey-based JTC Group, an independent provider of private wealth, corporate, employee benefit and fund administration services, has acquired Guernsey-based Anson Fund Managers Limited (AFML), which has over £11.5 billion in funds under administration.
AFML clients include trading companies, open-ended and closed-ended funds and unit trusts, investment companies and limited partnerships. The company’s 22 employees in the Guernsey and U.K. offices will continue to work for JTC, with those in Guernsey moving to JTC’s office in Saint Peter Port.
“Having identified Guernsey as an area of growth in the funds sector, we are delighted to have the opportunity to take on the AFML business which follows on from our acquisition of Ardel Fund Services in April this year. AFML is a first rate company which already has a high caliber portfolio of clients and has earned high levels of client satisfaction,” says Nigel Le Quesne, JTC Group CEO and chairman.
With the acquisition, “it will business as usual for AFML’s clients,” says Paul Duquemin, JTC Group’s managing director in Guernsey. Yet these clients will also gain a wider international reach through JTC Group, he added.
JTC Group Acquires Guernsey-Based Fund Administrator
Jersey-based JTC Group, an independent provider of private wealth, corporate, employee benefit and fund administration services, has acquired Guernsey-based Anson Fund Managers Limited (AFML), which has over £11.5 billion in funds under administration.
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