In response to growing demand from its clients, Jersey Trust Company (JTC), one of the Channel Islands leading independent financial services firms, has formalised its specialist marine and aviation services offering. The enhanced team, which will be marketed as ‘JTC Marine & Aviation’, will be led by new recruit Matthew Ruane, a highly respected industry expert with over 15 years experience.
The move will see the consolidation of existing marine and aviation business from across the JTC Group as well as the development of new services and a drive to win new business.
Mr Ruane said: “JTC is a dynamic business with a reputation for delivering the exceptionally high levels of service that are demanded by marine and aviation clients. There is also an excellent fit between JTC Marine & Aviation and the company’s well established business in the areas of corporate services and private wealth, as well as the flexibility that comes from having a network of JTC offices in six key locations around the world.”
The new venture is part of JTC’s ongoing strategy of targeted growth and it is expected that in the first year, at least five new jobs will be created in Jersey.
JTC Group Managing Director, Nigel Le Quesne, said: “This is a logical addition to our existing services and will allow us to meet the needs of many current clients as well as welcoming new business to JTC. We are delighted to have Matthew on board to lead the new Marine & Aviation team and look forward to bringing the unique JTC brand of service to an important and growing sector.”
JTC Marine & Aviation will offer a wide range of services, including: commercial yacht charter services, private yacht ownership structures, corporate structuring for sales and acquisitions of yachts and aircraft, Malta lease arrangements for yachts, VAT importations into the EU for yachts, commercial and private aircraft importations, yacht registry in all Red Ensign and a variety of offshore jurisdictions, aircraft ownership and leasing/charter structuring, employment structures for yacht crew, yacht accounting and advice and support in respect of all domestic legislation affecting yachts in all jurisdictions.