Former Big Four partner Erika Schraner joins JTC board
Financial services firm JTC is a global provider of fund, corporate and private wealth services to institutional and private clients. The firm has boosted its board-level expertise with the addition of former PwC and EY Partner Erika Schraner as a Non-Executive Director.
Wealth managers face a host of difficulties as they seek new markets and customers. Current conditions have seen their fees eroded by more critical customers, new passive product lines, competition and higher costs. Market turbulence in equities also saw this extending into 2019 – created further adverse conditions for the segment. Amid this, firms are having to boost their levels of expertise in order to prepare for heightened demand for their services in this turbulent times.
Founded in 1987, JTC is a provider of fund, corporate and private wealth services to institutional and private clients. The firm boasts a headcount of around 700 people, who work across its global office network and are trusted to administer assets worth roughly $110 billion. As it seeks to strengthen its experience and expertise, JTC has appointed Erika Schraner as an independent Non-Executive Director with immediate effect.
Schraner commented, “I am excited to join the Board of JTC. With its dynamic and innovative approach to business, underpinned by its strong culture centred around its people and unique shared ownership model, JTC is well positioned for continued growth and success. I am delighted to have this opportunity to play a part in that.”
The new board member brings more than two decades of financial services experience to the firm – including spells as a Partner at two of the Big Four – with particular strength in the areas of commercial development, mergers and acquisitions, and technology. Schraner will hold her role with JTC alongside a similar position with Cambridge-based Amino Technologies, which she joined in 2019 and where she is also Chair of the Audit Committee and a member of the Nomination Committee.
Her most recent role in the consulting sector came when she spent five years with PwC’s London outfit. She was UK Mergers & Acquisitions Integration Leader there until her exit in 2018. This followed a six-year stint with competitor EY, where she was a Partner in Transaction Advisory Services, working across the Big Four firm’s US and European operations. Schraner holds a PhD in Operations Research and Management Science, which she obtained from Stanford University.
Non-Executive Chair Mike Liston said of Schraner’s arrival, "JTC's global growth strategy is all about the smart improvement of its traditional businesses combined with the equally smart acquisition and integration of new ones. Erika brings immediately relevant skills to the board, as the company pursues a range of opportunities in attractive growth markets."
