Select a region
JTC has completed its acquisition of Minerva, a global provider of private client, corporate, fund and treasury services.
Having initially announced a conditional agreement to acquire the company in September, regulatory approvals have now been granted to conclude the deal.
The acquisition will bring JTC’s total headcount to more than 650 across 18 locations adding a new Dubai office to the firm's network and extending JTC’s reach in the markets of sub-Saharan Africa, India and Asia.
Over the coming months, the Minerva business will fully rebrand to JTC and Minerva and JTC staff will be brought together in a number of key locations.
Nigel Le Quesne, CEO of JTC PLC, said: “The completion of this important acquisition represents another milestone for JTC and forms part of our well-established growth strategy. With a track record built up over four decades, a tradition of family ownership, and a clear commitment to client service values, Minerva is a great fit for JTC and adds strength and depth across our business lines.
“In particular, this acquisition bolsters our global platform and capabilities in the key markets of Africa, Asia and the Middle East, including adding a new presence in Dubai, giving us a strong and scalable platform for future growth. We extend a warm welcome to our new colleagues, clients and partners and look forward to working with them as part of an enhanced JTC.”
Pictured top : Nigel Le Quesne
Comments
Comments on this story express the views of the commentator only, not Bailiwick Publishing. We are unable to guarantee the accuracy of any of those comments.