# JTC completes acquisition of RBC cees Limited

- Link: https://www.directorstalkinterviews.com/jtc-completes-acquisition-of-rbc-cees-limited/412974093
- Published: 2021-04-06T07:29:41+01:00
- Author: Giles

**JTC plc** (LON:JTC), the global provider of fund, corporate and private client
services, has confirmed the completion of its acquisition of RBC cees Limited from
RBC Holdings (Channel Islands) Limited, part of RBC Wealth Management. The acquisition
was announced on 10^(th) December 2020 and has now received the necessary regulatory
approvals.

CEES is a market leading employee benefits platform with an internationally diverse
blue-chip corporate client base. It offers a broad range of employee benefit plans
and product structures, is expert in the administration of a number of asset classes
and provides client support services as well as administration. 

The acquisition expands JTC’s Institutional Client Services footprint in the Channel
Islands and the UK, adding approximately 180 employees and a book of over 430 corporate
relationships and more than 890 plans.

The acquisition is complementary to JTC’s existing corporate and trustee services
and significantly enhances the Group’s employee benefits offering, expanding a service
line that has good organic growth potential due to market trends that support the
increasing adoption of employee share ownership programmes.

> **Nigel Le Quesne, CEO of JTC plc, said:**
> “We are delighted to welcome our new colleagues and clients to the Group. The 
> CEES business is a leader in the employee benefits market with a blue-chip client
> base and excellent people. The fit with our ICS Division is exceptional and I 
> am delighted that its core service offering is so closely aligned with JTC’s strong
> shared ownership culture, which has been one of our key differentiators for over
> 22 years.
> We believe that there is increasing demand for these solutions globally. We expect
> enhanced financial performance over the medium-term once fully integrated onto
> the JTC platform, as well as good organic growth opportunities over the medium
> and long-term, and cross-sell opportunities with our Private Client Services (
> PCS) Division.”

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