JTC to acquire FFP for $110m.

JTC, a professional services business, agreed to acquire FFP, a provider of specialist fiduciary services to fund, trust and corporate clients, for $110m. “We are excited to welcome the whole FFP team to the JTC family. FFP has an excellent reputation and significant subject matter expertise with strength in depth across the team. We believe that access to JTC’s global platform will accelerate FFP’s growth prospects with substantial opportunities across the Group as we develop our Governance Services business line. The combination of our businesses will cement our leading position in the Cayman Islands, which is one of the pre-eminent financial jurisdictions globally. As always, cultural alignment is key and, like JTC, FFP consistently invests in its people and capabilities," Nigel Le Quesne, JTC CEO.