Fund administrator JTC Group has made a further funds business acquisition in Guernsey, with the purchase of Anson Fund Managers.
Anson represents over £11.5 billion in funds under administration. Its clients include trading companies, open ended and closed ended funds and unit trusts, investment companies and limited partnerships.
It acts for a third of companies listed on the London Specialist Funds Market, and is company secretary and administrator to Guernsey’s largest protected cell company business.
The fund manager’s 22 staff employed in the Guernsey and UK offices will continue to work for JTC. Those in Guernsey will be moving to JTC’s premises in St Peter Port.
Nigel Le Quesne, JTC Group CEO and chairman, said: “[Anson] is a first rate company which already has a high calibre portfolio of clients and has earned high levels of client satisfaction. With its focus devoted entirely to providing fund and corporate services and a strong presence in Guernsey, AFML is an ideal fit as part of our continuing growth strategy of becoming a leading provider of funds services in key locations worldwide.”
JTC Group acquired Ardel Fund Services (AFSL) in Guernsey in April of this year.
