JTC Group’s funds arm has invested in a state-of-the-art IT platform to bolster its capabilities in the funds sector.
The Group is managing an expanding portfolio of funds business, enhanced by acquisitions in 2013 and the investment in a new software platform, known as FrontInvest, which supports the Group’s increased commitment to the funds sector. The platform, provided by eFront, the leading software provider, follows best practice processes and systems and helps to ensure that JTC Group can fulfil regulatory, financial and tax reporting requirements.
JTC Group’s international funds team has substantial experience and a proven track record in administering both closed- and open-ended funds established in Guernsey, Jersey and Luxembourg, as well as other non-domiciled fund structures in financial centres, such as the British Virgin Islands and the Cayman Islands.
Its expertise and scope has been enhanced by the purchase of Guernsey-based Ardel Fund Services in April last year, as well as Anson Fund Managers Limited, which has offices in both Guernsey and the UK, in December.
Miranda Lansdowne, Group Director – Fund Services, at JTC Group, commented: ‘This has been a period of rapid growth for the funds team, boosted last year by the acquisitions and the opening of an office in the U.S., the latter move serving as a gateway into Latin America. Investment in this market-leading IT platform supports our international growth strategy and has the flexibility we require as we deliver an increasing range of cross-border fund services.’
Paul Wheeler, Chief Operating Officer at eFront also commented: ‘The alternative fund administration industry has been and continues to be a key strategic market for eFront. We are very pleased to have expanded our presence in the Channel Islands and Luxembourg through this partnership with such a fast growing, focused and professional organisation as JTC Group.’
eFront is a leading software provider of solutions dedicated to the global financial industry with recognised expertise in alternative investments and risk management. eFront’s solutions serve major companies in the private equity, real estate investment, banking, and insurance sectors.