The acquisition of First Republic Trust Company of Delaware (FRTC-DE), a fully owned subsidiary of JPMorgan Chase Bank, is being considered by global professional services company JTC, which is seeking to consolidate its spot as an independent supplier of trust administration services in the US.

With its headquarters located in Wilmington, Delaware, FRTC-DE offers high-net-worth individuals trust administration solutions.

The firm offers a committed group of trust specialists, all with substantial experience in trust administration, and manages assets valued at about $9bn by market value.

FRTC-DE will be integrated into JTC‘s Private Client Services (PCS) division following the acquisition.

By acquiring FRTC-DE, JTC expands its footprint in a market that is both quickly developing and highly fragmented, solidifying its position as a US provider of trust services.

In addition to South Dakota Trust Company and New York Private Trust Company, JTC’s other recent investments are boosted by FRTC-DE.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Based on JTC’s Private Office services, accounting, regulatory reporting, and family governance services, as well as other services, FRTC-DE will present potential to grow JTC’s market share in the larger US private client services market.

The deal is still dependent on final regulatory approvals and the satisfaction of other customary closing conditions.

Nigel Le Quesne, chief executive officer of JTC, shared: “We are delighted to announce the proposed acquisition of First Republic Trust Company, subject to final regulatory approvals, and are looking forward to welcoming their highly experienced team and clients to JTC, as we further develop and expand our personal trust services in this large and fast-growing market.  This is an acquisition that builds on our other recent successful acquisitions, bringing us greater scale in the US and providing opportunities to offer our wider range of services to First Republic Trust Company’s clients.”