Global professional services provider, JTC, has been named “Fund Administration Challenger of the Year” at the Global Custodian Industry Leaders Awards in New York.
The award recognises firms that have significantly increased their international presence and are seen to be on a successful growth trajectory.
The Global Custodian Industry Leaders awards honour the fund services community and recognise the outstanding performers from prime brokerage, hedge funds, private equity, mutual fund and ETF administration. Michael Richards, Group Head of Institutional Services, and Andrew Ferreira, Manager – Fund Services, attended the ceremony at Chelsea Piers in New York on 17th November 2022.
Wouter Plantenga, ICS Head of Group Client Services, commented on the award:
“This award is a reflection of the ambitious plans that JTC has globally including seven acquisitions last year, of which five were in the US. As a FTSE 250 listed firm with over 1,400 staff and over $200 billion under administration, we already have a significant global presence and we’re very grateful to Global Custodian for recognising our continued development.”
In 2021, JTC completed a record seven acquisitions across Europe and the US to enhance JTC’s fund offering: RBC cees (Employer Solutions), INDOS Financial (Depositary), Segue Partners (Fund Administration), Ballybunion Capital (AIFM), SALI Fund Services (IDF Administration), perfORM (Operational Due Diligence) and EFS (Fund Services).
In November this year, JTC also acquired New York Private Trust Company (NYPTC), a Delaware-chartered non-deposit trust company.