With over 30 years of experience in the financial services sector, Collier (pictured) brings deep expertise in alternative investments, private equity, real estate, and capital markets. as well as an extensive background in collective investments and asset servicing. He joins JTC with a proven track record of building strong client relationships and leading cross-border teams across Europe and beyond.

In his new role, he will lead JTC’s efforts to expand its ICS offering in Ireland, a key growth market for JTC. He will focus on enhancing the firm’s capabilities to serve fund managers, institutional investors, and corporate clients, building on JTC’s reputation for delivering exceptional service and innovative solutions.

Melanie Herbert, regional head of UK & Ireland for JTC’s ICS business, said: “We are thrilled to welcome Lloyd to our leadership team. His extensive experience and in-depth knowledge of the institutional client space will be invaluable as we continue to strengthen our footprint in Ireland. Lloyd’s appointment underscores our commitment to providing world-class services to our clients and driving growth in this strategically important region.”

Lloyd Collier added: “I am excited to join JTC at such a pivotal time for the ICS business. Ireland presents significant opportunities, and I look forward to working with the team to deliver tailored solutions that meet the evolving needs of our clients. JTC’s focus on innovation and client service excellence is well-aligned with my own values, and I am eager to contribute to its ongoing success.”

Lloyd’s appointment reinforces JTC’s commitment to expanding across Europe, and particularly in Ireland, where the company sees strong demand for its specialist services. He will be based in London and report directly to the Regional Head of UK & Ireland.

In a statement today (16 September) JTC said the acquisition was “highly complementary to JTC’s existing footprint” and would “cement JTC’s position as the leading independent provider of global trust services”.

Citi Trust provides a full suite of tailored trust solutions, operating from seven high quality trust jurisdictions, namely New York, Delaware, South Dakota, Jersey, Singapore, Switzerland and the Bahamas. The total AUA serviced by Citi Trust is in excess of $70bn across over 2,000 UHNW client relationships, with an average tenure of 12+ years.

The acquisition brings with it an experienced senior management team with over 150 years of collective trust experience, supported by a skilled global employee base, the statement further said.

Nigel Le Quesne, CEO of JTC PLC, added: “Citi Trust is one of the most established and well-respected providers of trust services globally and we are delighted to have been chosen as the future custodian of its employees and clients. The acquisition is extremely complementary to JTC’s existing footprint.

“It is a transformational transaction for the Group and our Private Client Services division, increases our presence in key growth markets in the US, Europe and Asia, and brings further resilient annuity driven revenue to the Group. We look forward to welcoming their highly experienced team to JTC, so that together we can capture the future growth opportunities that the global trust and administration market offers”.

Ida Liu, head of Citi Private Bank said: “The decision to sell our personal trust administration and fiduciary business allows us to focus our resources on areas that will create impact for our global clients and drive growth for our Wealth business.

“We will continue to provide clients with leading investment management, wealth planning, lending and banking services, while JTC will provide the highest quality trustee and fiduciary services. We are confident our clients and colleagues will benefit from JTC’s singular focus on trust administration and we are pleased our clients will continue to work with the world-class trust administration team they’ve relied on at Citi Private Bank. We look forward to working together as we transition this part of our business.”

James Clifford, Brett Bewey, Rene Engelbrecht and Rebecca Lee bring extensive industry experience and deep sector knowledge to their new roles.

James Clifford joins as senior director – fund service, bringing over 20 years of experience in financial services. His expertise in the construction and implementation of risk and compliance governance frameworks, as well as the structuring and administration of complex funds, will be integral to enhancing JTC Guernsey’s offerings in this dynamic sector.

Brett Bewey has been appointed as director – risk & compliance. With a robust background in regulatory compliance and risk management, Brett’s insights and strategic approach will be pivotal in ensuring JTC Guernsey remains at the forefront of regulatory adherence and operational excellence.

Rene Engelbrecht joins as senior manager – investor relations. Rene brings a wealth of experience in communications and stakeholder engagement. Her focus will be on fostering relationships with JTC’s investors, ensuring that the market is well-informed and delivering clear communications and regulatory updates about the Group’s performance.

Rebecca Lee joins JTC as senior manager – private client services. Rebecca’s extensive experience in wealth management and private client services will be crucial in providing bespoke solutions to high-net-worth individuals and families, aligning perfectly with JTC’s commitment to personalised client care.

Kobus Cronje, managing director of JTC Guernsey said: “We are thrilled to welcome James, Brett, Rene and Rebecca to our team. Their impressive backgrounds and dedication to excellence align perfectly with our values and strategic objectives,”

“These appointments will further strengthen our capabilities and enable us to continue delivering the high standards of service that our clients expect and deserve.”

In her role, Kellyann (pictured) will be responsible for continuing to develop and grow JTC’s Jersey Private Office, working closely with colleagues across JTC Private Office’s multi-jurisdictional team to provide global families with a holistic and bespoke service built around their unique needs.

JTC Private Office provides a range of services to clients, with a specific focus on family governance, next generation education and succession planning and luxury asset services. It is part of JTC’s wider private client services team.

A qualified lawyer, Kellyann has almost two decades of experience, having worked in the UK and Jersey, primarily with private clients. She has particular expertise in advising clients on wealth structuring, asset protection, wills, estate planning and probate. Kellyann became the trusted advisor for many high net worth individuals and their families, including individuals who had relocated (or were in the process of) to Jersey.

Prior to joining JTC Private Office, she was a partner at offshore law firm Collas Crill where she worked for almost ten years, playing a key role in developing and growing the firm’s award-winning non-contentious Jersey private client and trusts team. A regular speaker at industry conferences, Kellyann has sat on Jersey working parties to help shape legislation and regulation. She has frequently been recognised in legal guides and private client industry awards. She is an Affiliate Member of the Society of Trust and Estate Practitioners (STEP).

Tom McGinness, Head of JTC Private Office, said: “Wealthy families are increasingly seeking specialist support as their needs are complex, family members are becoming more international, and the regulatory environment is constantly evolving. I’m therefore delighted to welcome Kellyann to the team; her deep knowledge of the trust and private client market will be invaluable as we continue to evolve our Private Office proposition in Jersey, and across our locations, to meet clients’ needs.”

Kellyann added: “JTC has earned a strong reputation for delivering high quality services to globally dynamic families and high net worth individuals, and I’m excited to be joining the hugely experienced Private Office team. Working closely with the team from Jersey, my aim is to help deliver innovative solutions to clients and to establish JTC Private Office as their trusted partner both now and for future generations.”

The FTSE-listed global service provider said on 16 July a number of those promotions are at senior level, with new senior directors including Jonathan Masters (Fund and Corporate Services) in London, Jose Andrade (Finance) and Katherine Wickham (Legal) in Jersey, and Nicolas Cesario and Shawn Wilson, both Private Client Services, in the US.

The promotions also include a number of new directors. They are Belen Garcia Mirri (Private Client Services), Brian Horner (Fund Services), Carece Rufe (Private Client Services), Ignacio Terrera (Private Client) and Victoria Pastore (Private Client) in the US; Deborah English (Business Operations), Hilary Jones (Fund Services) and Ping Ho (Business Development and Marketing) in Jersey; Cirsten Maes (Risk and Compliance) in Amsterdam; Lisa De Vos (Fund Services) in South Africa; Niklas Downham (perfORM Due Diligence Services) in Switzerland; and Vincent van den Brink (Fund and Corporate Services) in Luxembourg.

Promotions were made across JTC’s jurisdictional teams, including 51 in Jersey, 24 in the US, 21 in South Africa, and 11 in both the UK and Amsterdam, as well as a number across the Cayman Islands, Dubai, Guernsey, Ireland, the Isle of Man, Luxembourg, Mauritius and Switzerland.

Combined with the promotions made at the beginning of 2024, this latest round means that JTC has recognised the efforts, achievements and contribution to JTC’s ongoing success of more than 310 people across its diverse teams this year.

Wendy Holley, JTC’s group chief operating officer, said: “JTC continues to pursue an ambitious growth strategy and our people, all of whom are owners of the business through our Shared Ownership culture, are very much at the heart of that. It is the expertise, drive, and enthusiasm of our people that enables us to consistently achieve our goals and I am delighted that we have once again recognised employees from across our global network and spanning all areas of our business.

“We have promoted more than 310 of our employees in total this year, a little over 15% of our global workforce, which is a reflection of our commitment to professional and personal development and talent management, which enables the career aspirations of all JTC employees.”