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JTC Group Posts Strong Revenue and Profit Growth in First Half of 2021

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“It’s our goal to be a true local to global partner, helping our clients take advantage of JTC’s worldwide presence.”

JTC Group, the parent company of JTC Americas, gave its stakeholders good news when it announced its preliminary earnings for the first half of 2021, which included significant growth over the same period last year.

JTC, a publicly listed FTSE 250 global business with deep expertise in fund, corporate and private client services, acquired NES Financial in 2020, giving JTC a strong presence in the US and providing global support for NESF’s North American clients. JTC has been selective in acquiring successful brands around the globe, and this recent earnings report demonstrates how successful its strategy of encouraging consolidation and collaboration across jurisdictions has been.

The results show that the company grew revenue by 24.8% compared to the same period last year, to stand at £67m as of June 30th. Additionally, underlying profit was up 22.6%, reaching £21.9m year-on-year. Annualized new business wins totaled a record £10.3m, representing an increase of 19.8% compared to the first half of 2020.

JTC has continued its role as an active consolidator, acquiring market-leading employer solutions business RBC cees and specialist depositary, AML, and ESG services business INDOS Financial.

On September 16th, the Group announced the acquisition of Segue Partners, a US fund services business. JTC has also confirmed the acquisition of Ballybunion Capital, an Irish Management Company and fund services business based in Dublin with strong ties to the US market, as well as SALI Fund Services, a US-based market leading provider of fund services to the Insurance Dedicated Fund and Separately Managed Account market.

“We’re very excited about these new acquisitions and the diverse capabilities they bring to the company as a whole,” said Michael Halloran, CEO of JTC Americas. “The more JTC expands its international reach, the more we can help our clients expand into different markets and sectors. It’s our goal to be a true local to global partner, helping our clients take advantage of JTC’s worldwide presence.”

About JTC Americas
JTC Americas, formerly NES Financial, is the North American division of JTC. A leader in specialty financial administration, JTC has decades of experience serving US markets characterized by high administrative complexity, elevated transaction security needs and challenging compliance requirements.

For more information, visit jtcamericas.com.

About JTC Group
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 of 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.

For more information, visit jtcgroup.com.

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Source: https://www.prweb.com/releases/jtc_group_posts_strong_revenue_and_profit_growth_in_first_half_of_2021/prweb18253085.htm

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