JTC Group, a UK-based provider of private wealth, corporate, employee benefit and fund administration services, has acquired Ardel Fund Services Limited (AFSL), Guernsey’s premier third party fund administration providers, for an undisclosed amount.
Founded in 1993, AFSL, formerly Bachmann Fund Administration, administers investment funds across a variety of asset classes, utilising a wide range of fund structures: both open and closed-ended companies, unit trusts and limited partnerships, including entities listed on the London Stock Exchange’s Main Market and Alternative Investment Market and also the Channel Islands Stock Exchange.
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
The aquisiton will significantly boosts JTC’s numbers in this jurisdiction adding 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.
As a part of the deal, a total of 13 AFSL staff will join JTC Group, with the combined team operating from AFSL’s premises in Frances House in St Peter Port.
JTC Group CEO and chairman, Nigel Le Quesne, said:"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."
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataPaul Duquemin, managing director of AFSL, who takes on the role of managing director for JTC Group in Guernsey, said: " "Together we can offer clients fund expertise and investment fund solutions from a truly multi-jurisdictional perspective and our combined knowledge will put us firmly on the map in Guernsey and the international funds arena."
