Home Alts News NES Financial Acquired By UK-Based JTC

NES Financial Acquired By UK-Based JTC

NES Financial, a provider of specialty financial administration, has been acquired by JTC PLC, a UK-based provider of fund, corporate and private client services to institutional and private clients. Financial terms were not disclosed.

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NES Financial, a provider of specialty financial administration, has been acquired by JTC PLC, a UK-based provider of fund, corporate and private client services to institutional and private clients. Financial terms were not disclosed.

The combination creates a global company that operates in 19 countries, servicing more than $130 billion in assets, with more than 900 employees.

“NES Financial…provides a strong platform for JTC’s expansion into the U.S. market for servicing global institutional clients,” the company said. “JTC offers many complementary products and services that we believe will be of significant value to our current clients.”

NES Financial will continue to operate under its current brand in the U.S. market to provide services relating to opportunity zones, the immigrant investor EB-5 program, and private equity fund administration – as well as 1031 tax-deferred exchange services for private equity, commercial real estate and corporate clients.

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