JTC has been awarded the mandate to provide fund administration and registrar services to Brooks Macdonald International following the latter’s acquisition of the Channel Islands funds and wealth management business of Lloyds Bank International.

The acquisition is expected to complete later this year, subject to regulatory approval, and represents a high-quality investment offering for an affluent and high net worth client base, with funds under management of £1 billion (May 2020).

Jon Jennings, group head of institutional client services, JTC, said: “This is a hugely significant piece of business for us, reflectin...