JTC Group, a global provider of corporate, private client, fund and real estate services, has announced it has taken a “strategic interest” in Asia’s Kensington Trust Group, signalling the former’s commitment to growing business in the region.

JTC Group, a global provider of corporate, private client, fund and real estate services, has announced it has taken a “strategic interest” in Asia’s Kensington Trust Group, signalling the former’s commitment to growing business in the region, it has said.

Both organisations have had an alliance since 2013. The size of the new investment was not disclosed in JTC Group’s statement yesterday.
 
Kensington Trust Group has offices in Singapore, Hong Kong, Indonesia, Labuan, Kuala Lumpur and New Zealand. JTC has a worldwide presence in 20 jurisdictions and £23.8 billion ($40 billion) assets under administration.

“Asia is a huge growth market and one we continue to strategically invest in.  As is reflected in the Cap Gemini World Wealth Report  [2013 edition], Asia high net worth individuals and their families are requiring increasingly sophisticated and internationally-focused advice and services from professional wealth providers, encompassing robust wealth and estate planning and family office services,” JTC Group head of private client services, Iain Johns, said.