Guernsey: Carey Olsen Advises JTC As It Strengthens Its Global Funds Capabilities
Last Updated: 10 September 2015

Carey Olsen has advised JTC Group, a leading global provider of institutional and private client services, on its acquisition of Kleinwort Benson's fund administration business.

The purchase encompasses all of Kleinwort Benson's fund administration activities, which extend across Guernsey, Jersey and South Africa. The transaction represents a 40 per cent growth in headcount for JTC.

Carey Olsen advised JTC on the pan-Channel Island due diligence, regulatory and legal aspects of the transaction, supporting UK counsel King & Wood Mallesons. The Carey Olsen team comprised partners Mike Jeffrey, Graham Hall and Tony Lane, senior associate James Willmott and associate Paul Tominey.

Mike Jeffrey said: "In line with a global trend for a significant increase in M&A activity, we are advising on a growing number of high-profile instructions in this area, particularly in the trust and funds service provider sector.

Nigel Le Quesne, CEO and Chairman of JTC Group said: "This acquisition further strengthens our position as a leading global provider of fund administration services, and Carey Olsen's expertise in advising on M&A transactions of this scale, and in particular their experience in the highly regulated financial services sector, came to the fore."

To print this article, all you need is to be registered on

Click to Login as an existing user or Register so you can print this article.

In association with
Press Releases from this Firm
Recent Content from this Firm
By Christopher Anderson, Konrad Friedlaender, Natasha Kapp, James Stockwell
By Ben Mays, Andrew Chissick, Tim Wright, Olga Osadchaya
By Anthony McKenzie, Robert Coombes
By Natasha Kapp, Tim Bamford
By Tony Lane, Clinton Hempel
By Elaine Gray, Mark Dunster, Huw Thomas, Carly Parrott
By Tony Lane, Tim Corfield, Tim Bamford, Jamie Oldfield
By Jeremy Garrood, Oliver Lindop
By Ben Mays, Andrew Chissick, Tim Wright, Olga Osadchaya
By John Kelleher, John McCormick, Rebecca Steens
Font Size: