JTC, the global professional services business, has completed the acquisition of FFP, first announced in June.
Headquartered in the Cayman Islands with further offices in the BVI and Dubai, FFP is a provider of specialist fiduciary services to fund, trust and corporate clients.
In a statement today (18 November), JTC said FFP had built a strong reputation and differentiates itself as a leader in its chosen markets through a focus on providing innovative and tailored solutions and leveraging the unique multi-disciplinary skill set of its experienced and highly regarded team.
The acquisition of FFP was an important part of its strategic initiative to establish a market-leading governance services practice that will help drive organic growth and add value to the group’s existing global client base, the Jersey-headquartered business said.
FFP will leverage JTC’s well-invested operational infrastructure and global network of 37 offices, which includes the largest and most sophisticated jurisdictions for fund and trust services. This will accelerate geographic expansion beyond FFP’s current footprint to capture demand for its specialist services within the framework of JTC’s governance services practice.
The entire FFP team, including the founders and senior management, will remain with JTC post completion. All employees will become owners of JTC through its well-established ‘Shared Ownership’ programme, which ensures 100% of JTC employees are owners of the business.
Nigel Le Quesne (pictured), CEO of JTC, said: "We are pleased to have completed the acquisition of FFP and I am delighted to officially welcome the team to the JTC family.
"As well as strengthening our well-established presence in the Cayman Islands, FFP will play a key role in the development of our governance services practice globally, which forms part of our wider growth strategy for the Group during our current ‘Cosmos Era’ business plan.”
