JTC acquires Citi Trust 01 July 2025UK Reporter: Jack McRae
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JTC has acquired Citi Trust from Citi in an attempt to bolster several of JTC’s key growth jurisdictions.
As part of the acquisition, Rob Laughlin, former head of Citi Trust and Wealth Planning, has joined JTC as group director for private client services.
Nigel Le Quesne, CEO of JTC, says: “This is a transformational transaction for the group and our Private Client Services division; it increases our presence in key growth markets in the US, Europe and Asia, and it brings further resilient annuity driven revenue to the group, as well as future growth opportunities.”
Valentin Valderrabano, chief operating officer of Citi Wealth, adds: “With the completion of this transaction, our clients will benefit from JTC’s dedicated focus on global trust administration and broader fiduciary services.”
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