JTC, the
multi-jurisdictional, independent provider of corporate, fund and
private client services, has significantly enhanced its global
funds offering with the acquisition of Kleinwort Benson's
fund administration business in the Channel Islands and South
Africa.
The transaction, which relates to the whole of Kleinwort
Benson's fund administration business in Guernsey, Jersey and
South Africa, will give JTC its first permanent presence in South
Africa, grow its global headcount by 40% to a total of around 450,
and augments its existing strengths across the alternative
investment fund spectrum, including the private equity, debt and
real estate asset classes.
Upon completion of the deal, the new business will form part of
JTC's institutional services division globally. Staff in South
Africa will remain in their offices in Cape Town, whilst in
Guernsey the combined business will operate from Dorey Court in St
Peter Port, and the Jersey team will move to JTC's
