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JTC appoints new group CFO

Independent corporate, fund, private client and real estate services provider, JTC, has appointed Martin Fotheringham as new Group Chief Financial Officer (CFO).

Fotheringham, who will be based in JTC’s Jersey offices has held positions in private equity-backed businesses during his career.

He spent eight years at Moody International, the majority of which were as CFO, where he partnered with the CEO to lead the growth of the business through a combination of organic and inorganic growth, including seven acquisitions. Fotheringham has also held several senior financial roles at  Danwood, Bureau Veritas, PwC, The Thompson Corporation and Deloitte.

Nigel Le Quesne, CEO and Chairman of JTC Group, says: “Last year was another successful year for JTC as a result of our clear strategy, and the hard work of our 300-plus people and our valued partners. Looking forward to 2015 and beyond, I am delighted to welcome Martin to our team as we maintain a focus on our strategic expansion. His experience in overseeing organic growth, acquisitions and building alliances will be crucial in this respect.”

Fotheringham says: “In JTC, I am delighted to be joining such an ambitious firm, which last year recorded its 27th year of growth, saw the value of assets it administers grow to more than £25bn across its three core divisions and expanded its global footprint to have a presence in 18 jurisdictions. Whilst the firm has witnessed real success in recent years, it is clearly set on maintaining this momentum and I am excited to be a part of that journey.”

Ian Moore of CBPE, the private equity firm that backs JTC, says: “Martin has proven experience of working in private equity backed businesses, and in that sense he is a perfect fit for our model as we look to build on the success JTC has seen in recent years. The business remains ambitious but focused and with Martin’s additional expertise, we are well placed for yet more development and growth.”

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