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Channel Islands Fund Service Expands Dutch Footprint

Robbie Lawther

13 April 2017

Jersey-based fund service  in a bid to expand its global footprint.

The deal, which is subject to regulatory approval, will see New Amsterdam Cititrust's entire management team merge with JTC. The deal is expected to be completed in mid-2017.

New Amsterdam Cititrust was founded in 1981. It services a client portfolio ranging from entrepreneurs and their families to venture capitalists. The business provides a range of corporate and administration services.

"The expansion of our global network to include the Netherlands is a natural extension of our presence in the Benelux region and the acquisition of New Amsterdam Cititrust strengthens and deepens our offering to both institutional and private clients,” said Nigel Le Quesne, chief executive and chairman at JTC Group. “We are delighted to welcome to the JTC Group a high quality book of national and international clients and an excellent team in Amsterdam."