The Jersey Financial Services Commission issued the new licence to Ark Trust (Jersey), a subsidiary of China’s . Noah will be able to offer Jersey trust structuring solutions to its 100,000-plus client base, with JTC providing administration services for Ark and any trusts for which it acts as trustee.

“Enabling Noah to offer its considerable Chinese client base access to Jersey’s high quality, robust trust structures represents a considerable opportunity not only for its clients, but for Noah, JTC and Jersey more widely,” said Iain Johns, JTC's group head of private client services.

“Our experience is that Chinese high net worth individuals and their families are requiring increasingly sophisticated support from international service providers, and we are pleased to be able to respond to that trend by partnering with Noah on this exciting initiative.”

Noah, which was founded in 2005, provides wealth and asset management services to high net worth individuals and enterprises in China. In 2010, it became the first mainland Chinese wealth manager to be listed on the New York Stock Exchange. It operates from 166 branches and sub-branches in 68 cities across China.

JTC already has a presence in Singapore, Hong Kong, Indonesia, Labuan, Malaysia and New Zealand through JTC Kensington, its strategic alliance with Kensington Trust Group.