Jersey-based specialist fund administrator JTC has bolstered its overseas presence by opening an office in Brazil.
The office will be based in the financial district of Sao Paulo and continues a period of global expansion for the firm that currently has $160 billion in assets under administration.
The Brazilian business will be led by Mauricio Carmagnani, who was appointed as head of Brazil in December.
Carmagnani joined JTC from Apex Group where he was chief commercial officer for the LatAm business. He has also had senior roles at TMF Group and Intertrust Group.
“As the largest market in South America, Brazil offers a strategic base from which our team can strengthen connections with clients and partners to enhance service delivery, while also expanding JTC’s global reach and supporting cross-border services for our multinational clients,” said Carmagnani.
JTC’s expansion in the region has been overseen by Emilio Miguel who was appointed as head of Latin America in 2024. He opened JTC’s first US office in Miami in 2012 before moving back to Argentina in 2024 to take on his current role.
