Jersey-based JTC Group has strengthened its global footprint as it has been granted a licence to provide a full client offering in the Cayman Islands.

Jersey-based JTC Group has been granted a licence to provide a full client offering in the Cayman Islands.

The firm, which already established an alliance office on the island in 2013, will now be able to offer private client, corporate, fund and real estate services there, it said in a statement.

The office will be overseen by Stuart Pinnington, group head of corporate services, and will establish and service Cayman-domiciled funds, as well as listings of securities on the Cayman Islands Stock Exchange.

It will continue to operate its other services such as company incorporation and administration services, and the provision of directors to companies and regulated funds. This aligns with the firm’s goal to grow its fund practice.

Pinnington described the addition as “necessary”, as the Cayman Islands has become an increasingly popular service centre amongst its clients, who are predominantly based in Asia and the Middle East.

Last week, JTC Group opened its second representative office in New York City. The firm intends to use this office as a gateway to the Latin American market where it already has bases in Argentina and Brazil.