Fund services provider JTC Malta has received a licence from the Malta Financial Services Authority (MFSA) to significantly bolster its institutional and private client services offering from the jurisdiction.

This license will enable JTC Trustees (Malta) to now act as trustee or co-trustee and provide other fiduciary services, including acting as administrators of private foundations.

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In April 2015, JTC secured a registration status by the Malta Financial Services Authority (MFSA) as a company service provider to provide professional services to third parties including corporate entities from the jurisdiction.

With this latest licence, JTC Malta is now authorised to provide and perform a wider range of services. The move reflects Malta’s position as a growing and important European and international financial centre.

JTC Malta was set up in 2014 in order to broaden its geographical reach and strengthen its presence within Europe.

JTC group head of institutional services Stuart Pinningtonsaid: "Obtaining this registration in Malta reinforces our commitment to providing clients with a truly international offering that spans both private and institutional client services. This licence positions us strongly for future growth within Malta, and is another crucial step in continuing to expand our global footprint."

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JTC Malta managing director Nadine Cachia said: "This licence is the second to be granted to JTC Malta and reflects just how committed the business is to the jurisdiction. With this licence now in place we are firmly focused on developing our institutional and private client services offering further and on expanding our team in Malta."