Global fiduciary services provider JTC has agreed to acquire NES Financial (NESF), a US based, technology-enabled, provider of specialist fund administration services.

The acquisition, which is subject to relevant regulatory approvals, represents a key part of JTC’s ongoing growth strategy and, in particular, its focus on developing its institutional client services (ICS) business in the United States and a commitment to acquire and develop technology capabilities that drive future growth and operating efficiency.

Founded in 2005, NESF has 58 employees, all of whom will join JTC, delivering services from Boston, Massa...