JTC launches Irish fund administration services

JTC has launched its fund administration offering in Ireland, having received regulatory approval from the Central Bank of Ireland.

The firm’s fund administration services include fund accounting, transfer agency, anti-money laundering, FATCA/CRS and the preparation of fund financials with audit support.

Together with JTC’s previous acquisitions of INDOS Financial (February 2021), which secured its Irish depositary licence in October 2021, and Dublin-based boutique asset manager Ballybunion Capital (September 2021), JTC now offers AIFM, fund administration, depositary and corporate services.

The new offering, which is conducted from offices in Dublin and Enniscorthy, is led by Graham Kennedy, CEO of JTC fund solutions (Ireland), who joined the firm from SEI Investments Global Fund Services in May 2021.

“We are really pleased JTC has been issued its fund administration licence in a key financial jurisdiction such as Ireland,” commented Kennedy. “In conjunction with AIFM, depositary and corporate services, our teams are now able to offer clients a comprehensive range of fund and corporate services solutions, with high levels of customisation, no outsourcing or functionalisation of any core services, and supported by the depth and breadth of our global, listed parent company, JTC.”

JTC joins the likes of Crestbridge, Highvern and Ocorian, which received approval from the Central Bank of Ireland to conduct fund administration services in the jurisdiction in August 2021, June 2022 and July 2022, respectively.