JTC completed the acquisition of Buck UK business from Arthur J. Gallagher.

JTC, a provider of fund administration services, completed the acquisition of Buck UK and European share plan administration and trustee businesses from Arthur J. Gallagher, a global insurance brokerage and risk management services firm. Financial terms were not disclosed. "This acquisition is exciting for us as share plan services are closely aligned with our own shared ownership philosophy, which has been at the heart of JTC's culture since 1998. We believe that our passion for shared ownership, combined with the 25-year track record of our Employer Solutions business, continues to cement our position as a market leader. The JTC Employer Solutions business continues to grow strongly, and we are pleased to be able to further expand our employee share plan offering," Nigel Le Quesne, JTC CEO.