Completion is subject to regulatory approvals, the firm said in a statement. The acquisition will enhance JTC’s existing Employer Solutions platform, which delivers growth for the group.

In addition to accelerating JTC’s share plan and trustee service offering, Buck Share Plans will bring an existing book of high-quality blue-chip clients, as well as an experienced, client-focused and committed team of 16 professionals based in the UK, Guernsey and Germany.

“This acquisition is exciting for us given share plan services are closely aligned with our own shared ownership philosophy, which has been at the heart of JTC’s culture since 1998,” Nigel Le Quesne, CEO of JTC, said.

The firm has made a number of similar acquisitions in Europe and North America, most recently it acquired First Republic Trust Company of Delaware. It also bought Cayman-based FFP, which provides specialist fiduciary services to fund, trust and corporate clients. See more commentary here and here.