JTC Completes Acquisition of Kleinwort Hambros Trust

JTC is delighted to announce the completion of the acquisition of Kleinwort Hambros Trust Company (CI) Limited (KHT) from Union Bancaire Privée. This acquisition, which completed on 31 October 2025, was first announced in July 2025, and it follows the receipt of the applicable change of control and regulatory approvals.

This latest acquisition for JTC’s Private Capital Services division will bring further scale to its operations in the Channel Islands and the UK, including adding a UK trust business for the first time. A skilled team of around 90 people based in Jersey, Guernsey and London have joined JTC as part of this acquisition.

Nigel Le Quesne, CEO of JTC PLC, said:

“We are delighted to welcome the highly experienced KHT team and its clients to JTC. This acquisition is key for the Group and our Private Capital Services division, increasing our presence in Jersey, Guernsey and the UK and creating future growth opportunities. We have enjoyed working with the UBP team on this transaction, and we look forward to continued collaboration with them in the future.”

Guy de Picciotto, CEO of UBP, added:

“We are pleased to have completed the transfer of Kleinwort Hambros Trust Company to JTC. This transaction reflects UBP’s continued strategic focus on our core private banking and asset management activities while ensuring that KHT clients and employees join an organisation that shares our commitment to excellence and client-centric mindset. We thank the JTC team for their collaboration throughout this process and wish them every success in the future.”