JTC Group has acquired the fund administration business of the Guernsey-based Anson Group.
Anson Fund Managers Limited (AFML) represents over GBP11.5bn in funds under administration and specialises in providing a wide range of support services to companies and funds.
Its clients include 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 to working for many London listed companies including FTSE 350 members, it acts for a third of companies listed on the London Specialist Funds Market and it is company secretary and administrator to Guernsey’s largest protected cell company business.
AFML’s 22 staff 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.
Nigel Le Quesne, JTC Group CEO and chairman, says: “Having identified Guernsey as an area of growth in the funds sector, we are delighted to have the opportunity to take on the AFML business which follows on from our acquisition of Ardel Fund Services in April this year. AFML is a first rate company which already has a high calibre portfolio of clients and has earned high levels of client satisfaction. With its focus devoted entirely to providing fund and corporate services and a strong presence in Guernsey, AFML is an ideal fit as part of our continuing growth strategy of becoming a leading provider of funds services in key locations worldwide.”
Paul Duquemin, managing director in Guernsey, says: “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.”
