JTC completed the acquisition of SALI Fund Services.

JTC, a Singaporean state owned real estate company, completed the acquisition of SALI Fund Services, a provider of fund services to the Insurance Dedicated Fund and Separately Managed Account market. Financial terms were not disclosed. “SALI is a business of exceptional quality and a clear leader in the growing IDF market. Their operations are highly complementary to our existing US footprint and their deep expertise will be a fantastic addition to our Group capabilities set. As always, cultural alignment is vitally important to us and like JTC, they are committed to developing successful long-term relationships that span decades. We are excited to welcome the SALI team, their clients and partners to the JTC family,” Nigel Le Quesne, JTC CEO.