Squire Patton Boggs has advised JTC PLC on the acquisition of Kleinwort Hambros Trust Company (CI) Limited and its subsidiaries from Swiss private bank Union Bancaire Privée (UBP). The acquisition, which was first announced in July 2025, completed on 31 October 2025 following receipt of change of control and other regulatory approvals.
The Squire Patton Boggs team advising JTC on the transaction was led by London Corporate director James Bradshaw and partner Julian Thatcher, assisted by Isabelle Sadler, Tom Currie, Sim Basran and Hetty Tomlin.
FTSE-listed JTC is a global professional services business with deep expertise in fund, corporate and private client services. 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, and reinforces JTC’s market position as the leading independent provider of trust services globally.
The same Squire Patton Boggs team advised JTC on its acquisition of independent professional services firm Hanway Advisory in July 2024, enhancing and adding further scale to JTC’s Global AIFM Solutions business.