, a Jersey-based provider of fund, corporate and private client administration services, has made four senior appointments in the US and Latin America within its Private Capital Services division.
Mariano Marco (main picture), Michael Schiff, Sam Traxler and Matt England (pictured below) have joined to build the firm’s business development work in the region.
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Michael Schiff
Matt England
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Sam Traxler
Marco, who will be based in Miami, is returning to JTC, where he previously worked for seven years as head of client services for Latam. He has served in senior roles in Argentina, the British Virgin Islands and the Cayman Islands, managing wealth planning and succession for high net worth clients in Latin America.
Schiff will become director, business development, at JTC’s recently-opened Delray Beach office in Florida. His remit is to develop relationships with legal, accountancy and investment intermediaries in the state.
Traxler is joining as senior director in the strategic transformation team. He will be responsible for setting up large-scale trust administration partnerships with US banks and other financial institutions. Previously, he held a senior business development position at an independent broker-dealer.
England is taking up the role of regional business development officer, covering partnerships with advisors and other private wealth professionals across the Midwest.
JTC describes itself as the largest independent multi-state trust company in the US. Richard Hughes, head of Private Capital Services US, pointed to the scale of the opportunity: “Household wealth in the US currently exceeds $150 trillion, and forecasts suggest that around $80 trillion will pass between generations by 2045.”