JTC PLC Acquisition of First Republic Trust Co, Delaware
August 01 2024 - 8:18AM
RNS Regulatory News
RNS Number : 8552Y
JTC PLC
01 August 2024
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
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.
www.jtcgroup.com
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