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JTC Group (LSE: JTC) appeared on my radar screen two weeks ago when the company announced the acquisition of the First Republic Trust Company of Delaware, a subsidiary of JPMorgan Chase (JPM). JPM acquired the Trust Company as part of its rescue of First Republic Bank in May 2023. JTC offered $21m for the firm, which has $9bn of assets under administration and a dedicated team of trust professionals, all with significant expertise in the trust-administration market.
What attracted my attention to this deal was the fact that JTC, a British