JTC has announced the acquisition of SANNE’s private client business.
The acquisition, which is subject to relevant regulatory approvals, will expand JTC’s private client services presence in Jersey, with all clients and staff transferring to JTC as part of the transaction.
The deal forms part of JTC’s ongoing growth strategy, with the company continuing to see opportunities for organic and inorganic growth across both its Institutional Client Services and Private Client Services Divisions.
Established in 1988, SANNE’s private client business has a strong reputation for the expertise of its staff and quality of service delivery.
Nigel Le Quesne, CEO of JTC, said:
“We are delighted to welcome SANNE’s private client team and clients to JTC. We have built a strong reputation for client service excellence, innovation and consistent growth. Our Jersey platform continues to deliver strong commercial performance, and we look forward to using our extensive acquisition experience to ensure a positive and seamless transition for both clients and new colleagues.
“In these uncertain times we are focused on looking after our fantastic people. We have a great business which has consistently demonstrated excellent resilience and sustained growth throughout multiple economic cycles.”
Martin Schnaier, Chief Executive Officer at SANNE said about the transaction:
“As SANNE continues to focus its global operations on the growing alternatives and corporate sector, we were keen to ensure we found a leading player in the market that shares the same passion for high quality client service as we do. We believe our people and our clients will benefit from JTC’s experience and expertise in this sector. I wish all of our people every success as they enter a new chapter with JTC.”