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Alternative Market Briefing

JTC acquires Kleinwort Benson’s fund administration business

Tuesday, August 25, 2015

Bailey McCann, Opalesque New York:

JTC has completed the acquisition of Kleinwort Benson’s fund administration business, boosting assets under administration (AuA) to $56 billion. Kleinwort Benson is based in the Channel Islands, South Africa.

The transaction, which relates to the whole of Kleinwort Benson’s fund administration business in Guernsey, Jersey and South Africa, will give JTC its first permanent presence in South Africa, grow its global headcount by 40% to a total of around 450, and augments its existing strengths across the alternative investment fund spectrum, including the private equity, debt and real estate asset c......................

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