JTC to acquire Kleinwort Hambros Trust Company for £20m.

JTC, the global professional services business, agreed to acquire Kleinwort Hambros Trust Company, a financial services company, for £20m. "We are delighted to announce the proposed acquisition of KHT from UBP. We look forward to welcoming the highly experienced team and their clients to JTC, as we further develop and expand our professional trust and corporate services in this large global market. Building on our recent successful acquisitions of SDTC and Citi Trust, this acquisition will bring us greater scale in the UK and Channel Islands with added opportunities to offer our wide range of services to KHT's existing clients," Nigel Le Quesne, JTC CEO.