Jersey-based investor services group JTC has launched a fund administration service for the Irish market after receiving approval from the Central Bank of Ireland.
The firm already offers AIFM, depositary and corporate services in Ireland, and the latest offering is designed to complement these services.
It will provide the standard fund administration services such as fund accounting, transfer agency, anti-money laundering and the preparation of fund financials with audit support.
The business will be led by Graham Kennedy, chief executive of JTC Fund Solutions (Ireland).
The launch follows two acquisitions of Ireland-based businesses made in 2021- Ballybunion Capital and INDOS Financial.
According to JTC chief executive Nigel Le Quesne, the fund administration service is the “final piece of the puzzle” regarding the company’s Irish business.
“Ireland is an important part of the European fund environment and strategically important for JTC’s global service offering and future growth plans,” said Nigel Le Quesne, JTC chief executive.