FFP, a leading provider of specialist fiduciary services to fund, trust and corporate clients is pleased to announce its acquisition by JTC, the global professional services business, expanding its specialized fiduciary services in the Cayman Islands, BVI and Dubai under the JTC Group. Completion of this acquisition is subject to regulatory approvals.
The acquisition will allow FFP to leverage JTC’s well-invested infrastructure and global network, which includes the largest and most sophisticated jurisdictions for the funds and trust markets. This will accelerate geographic expansion beyond FFP’s current footprint to capture demand for its specialist services.
The entire FFP team, including the shareholders and senior management, will remain with JTC post acquisition. The senior leaders of FFP all have 15+ years of experience in handling complex fund and trust situations and are supported by a highly qualified team of practitioners with a complementary range of skill sets across the funds, trust and corporate services space. All employees will become owners of JTC through its unique ‘ownership for all’ programme.
Founded in 2012, FFP is privately owned and headquartered in the Cayman Islands, with further offices in the BVI and Dubai. The business provides a range of specialist fiduciary, restructuring, trustee, fund administration and corporate services to clients across the globe, with a focus on complex engagements. FFP has established a strong reputation and differentiates itself as a leader in its chosen markets through a focus on providing innovative and tailored solutions, drawing on the unique multi-disciplinary skill set of its experienced and highly regarded team.
Michael Pearson, Co-Founder and shareholder of FFP, said, “We are really grateful for the support of our team, clients and legal contacts who have championed us over the last decade. With their backing, FFP has been able to help lead and change the way stakeholders approach complex and demanding situations in our markets. The speed of change and increasing globalisation of financial services means that well-invested infrastructure and a broad network are increasingly important. Joining the JTC Group provides us with access to a global platform that encompasses all key financial centres and we are relishing the prospects and opportunities this creates. That Nigel and team have astutely developed and led JTC for over 30 years was a very important factor for us in coming onboard.”
JTC first established a presence in the Cayman Islands in 2013 and is already one of the leading professional services firms in the jurisdiction. Post acquisition, the Group will be represented by an enlarged team of over 80 professionals and will be differentiated in the market through its unique range of services, delivered to a diverse and growing book of institutional and private clients.
“We are excited to welcome the whole FFP team to the JTC family. FFP has an excellent reputation and significant subject matter expertise with strength in depth across the team. We believe that access to JTC’s global platform will accelerate FFP’s growth prospects with substantial opportunities across the Group as we develop our Governance Services business line. The combination of our businesses will cement our leading position in the Cayman Islands, which is one of the pre-eminent financial jurisdictions [for funds] globally. As always, cultural alignment is key and, like JTC, FFP consistently invests in its people and capabilities,” said Nigel Le Quesne, CEO of JTC.
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