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JTC has completed the purchase of New York Private Trust Company which is chartered in Delaware, USA.
The Jersey headquartered professional services business, which employs staff based at Admiral Park in Guernsey, has bought the American non-deposit trust company.
NYPTC offers a range of fiduciary services, including trusts, estate administration and white label platforms to high net worth individuals, family offices and corporate clients who are based in the US and around the world.
JTC said this acquisition supports its strategy for growth in the US market.
Nigel Le Quesne, CEO of JTC (pictured), said:
"NYPTC is a high-quality private client business that expands our US footprint and supports our ambitions to grow a market-leading US domestic trust business.
"We are delighted to be one of the first non-US headquartered and non-bank businesses to receive regulatory approval in Delaware, which underlines our long-standing commitment to the US market and future growth.
"The NYPTC team has an outstanding reputation for delivering the highest levels of service and we extend a warm welcome to our new colleagues and clients."
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