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.