Jersey Trust Company Group has signed an alliance with recently-established Kensington Trust Group, in an effort to create a global offering of trust, fiduciary and corporate services and fund administration.

Both firms are providers of wealth and financial services, and stressed the value the alliance would have on a global scale.

“The alliance enables KTG to serve the demanding needs of our international clients, in conjunction with an organisation that shares our core values,” said regional managing director Raymond Wong.

JTC group chairman and chief executive officer, Nigel Le Quesne, agreed: “Our alliance with KTG has enabled us to expand our international platform into Asia with a partner of the highest quality.” The alliance was signed last March, in Malaysia.

Jersey-based JTC Group operates in 11 jurisdictions across the world, including Guernsey, Luxembourg, the UK, Switzerland, the BVI, Argentina, Brazil, New Zealand and has a representative office in the US. The firm also has an alliance office in the Cayman Islands.