Fund administrator JTC Group has acquired Ardel Fund Services (AFSL) in Guernsey to boost JTC’s numbers in the jurisdiction, and add specialist fund expertise both locally and for the group.
With established fund services businesses in Jersey and Luxembourg, the move forms part of JTC’s broader international expansion plans.
“The AFSL team has an excellent reputation in the industry and a high calibre of existing clients,” states Group CEO and chairman, Nigel Le Quesne. “This is an important strategic acquisition for JTC Group, giving us a much bigger presence in Guernsey and is another step towards strengthening a more global offering for our clients.”??
Thirteen AFSL staff will join JTC Group, with the combined team operating from AFSL’s premises in Frances House in St Peter Port. ??
JTC Group offers fund administration services across the full range of fund types and regulatory spectrum, with asset classes including real estate, renewable energy, private equity and media.
It provides administration services to both closed and open ended funds established in Jersey, Guernsey and Luxembourg, as well as services to other non-domiciled fund structures in jurisdictions such as the Cayman Islands and the BVI.
