Clifford Chance advises Citi on the sale of Citi Trust’s global fiduciary business to JTC PLC

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.