JTC PLC to Acquire NES Financial
Retrieved on:
Thursday, April 2, 2020
Specialty fund administrator NES Financial announced today that it has entered into a definitive acquisition agreement with JTC PLC (LON: JTC), a global provider of fund, corporate and private wealth services to institutional and private clients.
Key Points:
- Specialty fund administrator NES Financial announced today that it has entered into a definitive acquisition agreement with JTC PLC (LON: JTC), a global provider of fund, corporate and private wealth services to institutional and private clients.
- Together, JTC and NES Financial form a global powerhouse comprised of a multi-jurisdictional platform servicing over $130 billion in assets and over 900 employees in 19 countries.
- The transaction with JTC places NES Financials technology-driven, purpose-built solutions in the context of a platform with global reach and sophistication, said Michael Halloran, chairman and CEO of NES Financial.
- With NES Financial, the JTC Group welcomes a market leader in the segments they serve and a platform that will be the foundation for our continued expansion into the U.S. market, said Nigel Le Quesne, CEO of JTC PLC.