EFront, a leading software provider of financial solutions for managing alternative investments, is pleased to announce that international fund administrator JTC Group has chosen eFront to support the continuing expansion of its business portfolio.
The JTC Group is an independent multi-jurisdictional provider of private client, corporate and fund services. Headquartered in Jersey, Channel Islands and with offices in Europe, Asia, Oceania, and the Americas, JTC has expanded its fund management business with new acquisitions in 2013.
FrontInvest will support the Group's increased commitment to the funds sector. JTC needed a solution with built-in best practices, processes and systems in order to ensure that it can fulfil all necessary regulatory, financial and tax reporting requirements.
"This has been a period of rapid growth for the funds team," commented Miranda Lansdowne, Group Director, Fund Services, at JTC Group. "Our investment in this market-leading solution supports our international growth strategy and has the flexibility we require as we deliver an increasing range of cross-border fund services."
"We are very pleased to have expanded our presence in the Channel Islands and Luxembourg through this partnership with such a fast growing and professional organization as the JTC Group," said Béatrice Vachonfrance, European Sales Director at eFront. "The fund administration industry has been and continues to be a key strategic market for eFront."