JTC Group, a Channel Islands-based provider of private wealth, corporate, employee benefit and fund administration services, has acquired the fund administration business of the Guernsey-based Anson Group.
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Anson Fund Managers (AFML) represents over £11.5 billion in funds under administration and specializes in providing a range of support services to companies and funds.
The clients of AFML includes trading companies, open ended and closed ended funds and unit trusts, investment companies and limited partnerships, many of which are listed on stock exchanges such as the LSE, Euronext and AIM.
In addition, the fund administration business will also works for a third of companies listed on the London specialist funds market and it is company secretary and administrator to Guernsey’s protected cell company business.
According to JTC, the 22 staff of AFML employed in the Guernsey and UK offices will continue to work for JTC and those in Guernsey will be moving to JTC’s premises in St Peter Port.
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By GlobalDataPaul Duquemin, Guernsey managing director of JTC, said: "This acquisition is another major step forward for the Group and significantly increases the strength and profile of our fund services offering, both in Guernsey and at an international level.
"Whilst it will be business as usual for AFML’s clients, they will also have the advantage of access to JTC Group’s wider global reach."
