Ashburton Investments, the Jersey-based asset management business of FirstRand Group, has signed an agreement with JTC to administer fund shareholder accounts following full regulatory approval.
The partnership will see JTC provide fund administration and fund accounting services to Ashburton Investments investors. The agreement will provide clients in Ashburton’s Jersey domiciled funds and nominee service with an enhanced administration service, delivered through the latest advances in fund administration technology.
This follows a review of Ashburton Investments’ operating platform to better meet the needs of the group’s global client base.
JTC is one of the largest providers of fund, corporate and private wealth services in the Channel Islands and has a team of over 900 professionals delivering services from a global network of 23 offices. JTC is trusted to administer assets in excess of US$130 billion.
Corne Burger, Head: International, says: “This agreement bolsters our global platform, giving us a strong and scalable platform for future growth. We are delighted to be able to offer our fund clients enhanced administration services through a first-rate operator.”
Nigel Le Quesne, CEO of JTC, says: “We are delighted to partner with Ashburton Investments to support their enhanced strategy and help them to continue to deliver first-class service to their clients. Our deep experience in fund administration coupled with our scalable platform and best-in-class technology means that we will be able to provide a seamless and flexible service to Ashburton Investments and with the ability to grow alongside them.”