People Moves

JTC Reshapes Americas Operations

Editorial Staff July 2, 2024

JTC Reshapes Americas Operations

JTC said the changes will help it to deliver on its growth ambitions.

Professional services business JTC has bolstered its private client services division for the Americas by building two distinct regions: JTC USA (PCS) and JTC LatAm.

The changes took effect from July 1.

As part of the changes, Matt Tobin and Jim Paladino, who joined JTC through its acquisition of South Dakota Trust Company in 2023, will become regional co-heads of JTC USA (PCS). They will lead the SDTC offices in South Dakota and New York, and will take on the additional responsibility of overseeing JTC’s operations in Delaware and South Dakota. 

Emilio Miguel, who was instrumental in the launch of JTC Americas in 2012 and has played a pivotal role in the growth of JTC in the US, is relocating back to Argentina to take on the role of regional head of JTC LatAm, which will span Mexico, Central America and South America. He will also continue to lead the Miami-based LatAm team. 

“The creation of these new regions, led by our new-look senior team, underlines our position as the largest independent provider of trust services in the US market and give us a strong platform to continue to evolve our unique proposition in the US,” Iain Johns (pictured), group head of private client services at JTC, said. 

JTC first established a private client presence in the US in 2012 when it opened its Miami office. This was then followed by the launch of an office in New York before being granted a Trust Charter in South Dakota in 2016.

The business has been acquisitive: it bought New York Private Trust Company (NYPTC) in 2022, which provided JTC with a Delaware Charter, and acquired South Dakota Trust Company (SDTC) in 2023. 

In April this year, JTC said it planned to acquire First Republic Trust Company in Delaware, which remains subject to regulatory approval.  

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