Global law firm Clifford Chance has advised Citi on the proposed sale of its Citi Trust global fiduciary and trust administration services business to a subsidiary of JTC PLC. Citi Trust provides trust solutions, operating from New York, Delaware, South Dakota, Jersey, Singapore, Switzerland and the Bahamas, and has total AUA in excess of $70 billion.

The Clifford Chance cross-border team was led out of London by Corporate M&A partners Nick Spurrell and Melissa Fogarty, supported by senior associates Dan Bomsztyk and Jenni Polson and associates Caroline de Chastelain, Mariasole Rinciari and Dorothy Adu-Mfum, and trainee Lucrezia de Jorio. The team also included senior associate Chelsea Bruk-Jackson, associates Sarah Boyd and Tom Masters, and trainee Francesca Warren, with additional support from Clifford Chance offices in New York, Singapore, and Washington.