Acquisition of First Republic Trust Co, Delaware
Source: RNS
COMPLETION OF ACQUISITION
1 August 2024
JTC PLC
(the "Company" together with its subsidiaries (the "Group" or "JTC")
Completion of acquisition of First Republic Trust Company of Delaware LLC ("FRTC-DE")
JTC announces today, further to its announcement on 22 April 2024, and following receipt of final regulatory approvals and satisfaction of other closing conditions, the completion of its acquisition of First Republic Trust Company of Delaware LLC ("FRTC-DE").
The acquisition of FRTC-DE is highly complementary and builds on JTC's position as the leading independent provider of trust services in the US, bringing further scale in this large, valuable and fast-growing market.
The consideration has been settled in cash.
Enquiries
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JTC PLC |
+44 (0) 1534 700 000 |
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Miranda Lansdowne |
miranda.lansdowne@jtcgroup.com
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Camarco |
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Geoffrey Pelham-Lane |
+44 (0) 7733 124 226 |
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Sam Morris |
+44 (0) 7796 827 008 |
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About JTC
JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business, and this fundamental part of our culture aligns us with the best interests of all our stakeholders. Our purpose is to maximize potential, and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.
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