JTC has announced the completion of its acquisition of First Republic Trust Company of Delaware.
The acquisition has been finalised following receipt of final regulatory approvals and the satisfaction of other closing conditions, further to its initial announcement on 22 April 2024.
The team from First Republic Trust Company of Delaware (FRTC-DE) has now joined JTC’s Private Client Services (PCS) division and will be based in the office in
Wilmington, Delaware.
Nigel Le Quesne (pictured), Chief Executive Officer of JTC, said: “The completion of the acquisition of First Republic Trust Company of Delaware gives a further boost to our proposition and capability in the US market.
“I am delighted to welcome the experienced team into our Private Client Services division as we continue to develop and expand our broad range of personal trust services within the US.”
