The acquired firm has been given the new moniker of JTC Signes and operates as a sister company to JTC’s own Luxembourg operation. That business was set up in 2009, is regulated by the CSSF and specialises in fund administration, corporate and real estate services.

Signes was established in Luxembourg more than 15 years ago and employs 29 people. It is led by co-founders Eric Biren and Vincent Goy; they will continue in their roles following the acquisition, JTC said in a statement yesterday.

JTC Signes remains at its offices in boulevard de la Petrusse and JTC’s existing Luxembourg team has subsequently moved from its previous location to join them.

“Following our recent acquisition of the Kleinwort Benson fund administration business in the Channel Islands and South Africa, this transaction is further evidence of our commitment to building our institutional client services capabilities in key financial centres worldwide to meet increasing demand from new and existing clients,” Nigel Le Quesne, JTC Group chief executive and chairman, said. (To view the story about the South Africa move, click here.)

JTC serves clients from its network of offices in Argentina, Brazil, British Virgin Islands, Cayman Islands, Guernsey, Jersey, Luxembourg, Malta, Mauritius, New Zealand, Switzerland and the UK, as well as US representative offices in Miami and New York, and alliance offices in Hong Kong, Labuan, Malaysia and Singapore.