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November 4, 2020

Fund administrator JTC appoints new group chief risk officer

By Verdict Staff

JTC, which specialises in fund, corporate and private client services, has appointed Richard Ingle as its new group chief risk officer (CRO).

Ingle in his new role will oversee the governance of risk management and regulatory compliance across the company’s global network of 23 offices in 19 different jurisdictions.

He will be based at the company’s headquarters in Jersey, Channel Islands.

Commenting on the appointment, JTC CEO Nigel Le Quesne said: “We are delighted to welcome Richard to the team. As a publicly listed company operating in a large number of highly regulated markets, the role of CRO is both essential and highly strategic within the business.

“Richard is a talented executive with an enormous amount of experience and expertise and we are pleased to have attracted someone of his calibre to join the Group as we continue into our fourth decade of growth based on delivering client service excellence and maintaining the highest standards.”

Richard has an experience of nearly three decades in the financial services sector. He has held roles in fiduciary services, asset management, private banking and regulatory compliance.

Previously, he was part of a number of prominent institutions such the UK Financial Services Authority, which is now known as the FCA, and JPMorgan.

Prior to joining JTC, he worked at Standard Chartered Bank for nine years as the Channel Island CEO.

Ingle said: “I am very pleased to be joining JTC at such an exciting time in its history. The business has an impressive track record and is now a global player providing a range of sophisticated services to both institutional and private clients.

“The unique shared ownership culture that has been developed over the past 20 years particularly resonated with me and is the ideal foundation for strong governance and risk management as the company continues to grow.”

Meanwhile, in July this year, JTC received a mandate to offer fund administration and registrar services to wealth manager Brooks Macdonald International.

In April this year, the Jersey-based fund services provider marked return to profit and unveiled a positive outlook based on its resilient model.

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