LONDON (dpa-AFX) - JTC announced the proposed acquisition of the global fiduciary and trust administration services business, or Citi Trust, from Citigroup Inc. for a total consideration of $80 million. Citi Trust provides a full suite of fiduciary solutions and has extensive cross-border experience, operating from seven trust jurisdictions globally.
The total AUA serviced by Citi Trust is in excess of $70 billion. JTC expects the acquisition to deliver mid-single digit EPS accretion in 2025 and high single digit EPS accretion in 2026, the first full year of ownership.
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