JTC set to acquire KHT
31 July 2025 UK
Image: JTC
JTC, a global professional services provider, and Union Bancaire Privée (UBP), a Swiss wealth and asset manager, have reached an agreement on JTC’s proposed acquisition of Kleinwort Hambros Trust Company and its subsidiaries — together KHT — which are wholly owned subsidiaries of UBP.
KHT also provides offshore share scheme and pension scheme administration services to several high-quality global corporate clients, which, according to the firm, will enhance and support JTC’s Employer Solutions service offering.
Post completion, KHT will be integrated into JTC’s global Private Client Services division.
The acquisition is subject to regulatory approvals and standard closing conditions.
Nigel Le Quesne, CEO of JTC, says: "We are delighted to announce the proposed acquisition of KHT from UBP. We look forward to welcoming the highly experienced team and their clients to JTC, as we further develop and expand our professional trust and corporate services in this large global market.”
Guy de Picciotto, CEO of UBP, comments: “This transaction reflects UBP’s continued strategic focus on our core strengths as a pure-play wealth and asset manager. We have long recognised that KHT’s specialised expertise would be best supported within an organisation fully dedicated to trust and fiduciary services.”
KHT also provides offshore share scheme and pension scheme administration services to several high-quality global corporate clients, which, according to the firm, will enhance and support JTC’s Employer Solutions service offering.
Post completion, KHT will be integrated into JTC’s global Private Client Services division.
The acquisition is subject to regulatory approvals and standard closing conditions.
Nigel Le Quesne, CEO of JTC, says: "We are delighted to announce the proposed acquisition of KHT from UBP. We look forward to welcoming the highly experienced team and their clients to JTC, as we further develop and expand our professional trust and corporate services in this large global market.”
Guy de Picciotto, CEO of UBP, comments: “This transaction reflects UBP’s continued strategic focus on our core strengths as a pure-play wealth and asset manager. We have long recognised that KHT’s specialised expertise would be best supported within an organisation fully dedicated to trust and fiduciary services.”
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