Specialist fund administrator JTC saw a “strong” increase in revenues last year, the Jersey-based, London-listed, firm said.
The 15.9% increase in revenue amounted to total revenues of £115.1 million. Of this, 7.9% stemmed from organic growth and 8% from acquisitions.
JTC said the growth was in line with “appropriate indicators” of performance in the wider sector for specialist fund administrators and corporate services providers, which is 8-10% over the medium term.
Institutional revenue was up 17.8% and private-clients revenue increased by 13.7%.
JTC’s new business wins increased by 20.1% and its new business pipeline was up by 49.7%, supporting a positive outlook for 2021, the firm said.
Nigel Le Quesne, CEO of JTC, said he was “particularly pleased” with the results. “If there was a year that tested our people, our culture, and the resilience of our business model, it was 2020.”
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