Jersey’s JTC granted South Dakota trust licence

Added 3rd November 2016

Jersey-headquartered JTC has been granted a trust licence in South Dakota allowing the company to offer an enhanced range of trust services to its private and corporate clients with US elements to their planning needs.

Jersey’s JTC granted South Dakota trust licence

With representative offices in Miami and New York, JTC said that South Dakota’s increasing popularity as a jurisdiction for private and institutional clients with US-connected wealth planning requirements, as well as its trust legislation and fiscal regime, were the reasons it was chosen to set up a local office.

Key presence

Nigel Le Quesne, JTC group chief executive and chairman, said: “Our presence in key global financial centres continues to expand and evolve and, with that in mind, I’m delighted that we are now able to offer fiduciary services from South Dakota, a jurisdiction with a growing reputation for its progressive trust legislation.

“This legislation is opening up new and exciting opportunities for private and corporate clients with a US element to their financial planning needs. It is this US planning element that was fundamental to our decision to establish ourselves in the jurisdiction.”

JTC has had a presence in the Americas since 2002 through its offices in Argentina, Brazil, BVI and Cayman Islands, with a global network across 18 jurisdictions worldwide.

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