JTC Group, the global private client, corporate and fund service firm, has acquired Guernsey’s Anson Fund Managers in a deal announced yesterday.

JTC Group, the global private client, corporate and fund
service firm, has acquired Guernsey’s Anson
Fund Managers in a deal announced yesterday.

Anson, currently has £11.5 billion in funds under
administration and specialises in providing a wide range of support services to
companies and funds. With the deal, JTC will take over its client base, which
includes trading companies, open ended and closed ended funds and unit trusts,
investment companies and limited partnerships.

JTC will also employ Anson’s 22 staff serving in its
Guernsey and UK offices, as
those in Guernsey will be moving to JTC’s
premises in St Peter Port.

JTC’s chief exeuctive and chairman, Nigel Le Quesne, said
the deal was part of the groups growth strategy to establish a presence in key
financial locations across the globe.

“Having identified Guernsey
as an area of growth in the funds sector, we are delighted to have the
opportunity to take on the AFML business which follows on from our acquisition
of Ardel Fund Services in April this year,” he added.