Vistra (services company)
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| Industry | Professional services |
|---|---|
| Founded | 1986 |
| Headquarters | Hong Kong |
Key people | Jonathon Clifton (Group Managing Director), Simon Filmer (Deputy Group Managing Director), Ernest Zheng (Managing Director, China), Helen Soh (Managing Director, Singapore), Nadine Feng (Managing Director, Taiwan), Effy Yeung (Executive Director, Hong Kong), Jessica Far (Executive Director, Hong Kong) |
| Services | International incorporations, post incorporation technical support, on-going corporate services. |
Number of employees | 3000 employees(June 2017) |
| Website | vistra |
Vistra is a global professional services provider specializing in fund administration, corporate, fiduciary and administrative services. Headquartered in Hong Kong, Vistra supports multinational corporations, private equity and real estate funds and high-net-worth individuals with compliance, structuring and other essential services for navigating complex regulatory environments. Vistra operates in more than 50 jurisdictions across the Americas, Asia-Pacific, Europe and the Middle East, with an extensive network that enables cross-border business solutions.[1]
History
[edit]Founded in 2006, Vistra has grown through a series of strategic acquisitions and organic expansion, establishing a reputation as a comprehensive service provider for international businesses and private equity funds. The company's initial focus on fiduciary services has since broadened to encompass a wide range of corporate, fund administration and advisory services. Its growth strategy has focused on acquiring companies with complementary services, thereby expanding its capabilities and geographic reach.[2]
Acquisitions
[edit]Vistra has pursued an aggressive acquisition strategy to expand its global footprint and service offerings. Notably, in 2022, Vistra merged with Tricor Group[3], a Hong Kong-based business expansion specialist. Tricor’s extensive presence in Asia, particularly its stronghold in Hong Kong, Malaysia, and Singapore, enhanced Vistra’s service capabilities in corporate and business services throughout Asia-Pacific. The acquisition positioned Vistra as one of the most significant players in the region, particularly for corporate services and compliance solutions.
In 2024, Vistra announced the acquisition of the Phoenix American fund administration and transfer agent group.[4] Phoenix American, based in Larkspur, California, specializes in back-office support for private equity and alternative investment funds. By integrating Phoenix American’s fund administration capabilities, Vistra significantly broadened its offerings for the North American market, particularly for private equity and real estate funds. Phoenix American’s established reputation in the U.S. for investor services and transfer agency bolstered Vistra’s fund services division, enhancing Vistra’s appeal to U.S.-based fund managers and investors.
Services
[edit]Vistra provides an array of services tailored to businesses, funds, and individuals requiring support with global operations and investments. Key service areas include:
- Corporate Services: Incorporation, compliance, governance and secretarial support for multinational entities.
- Fund Administration: Services for private equity, real estate and alternative investment funds, including accounting, investor services and reporting.
- Private Wealth Services: Wealth structuring, family office support, and fiduciary services for high-net-worth individuals and families.
- Risk and Compliance: Anti-money laundering (AML) compliance, regulatory reporting and governance advisory.
Vistra operates with a global network of over 9,000 employees and provides services across 50+ markets, making it one of the largest professional service providers in the world. The company manages over 200,000 legal entities and oversees $495 billion in assets under administration, reflecting its significant influence in fund administration, corporate services and private wealth management.[5]
Offshore 2020
[edit]The Offshore 2020 was annual market research conducted by OIL. The research focused on the key trends and future developments of the offshore and related industries, and reviewed issues such as market drivers and constraints, impact of the increasing regulations and jurisdictional popularity. The last Offshore 2020 was published in December 2015.
In 2017 Offshore 2020 was rebranded as Vistra 2020.
Previous Publications:
- “Looking forward: An industry on the move”,[6] 2014 edition
- “Perception and Reality: Forces driving the offshore industry”,[7] 2013 edition
- “Opportunities and Challenges Facing the Offshore Industry”,[8] 2012 edition
- “Insights into future trends and structure of the offshore industry”,[8] 2011 edition
- "Insights into the evolution of offshore financial services in the region and what is driving it, 2010 edition[9]
See also
[edit]References
[edit]- ^ "About Us | Vistra". www.vistra.com. Retrieved 2024-12-30.
- ^ "Vistra Fund Services Company Profile 2024: Valuation, Investors, Acquisition | PitchBook". pitchbook.com. Retrieved 2024-12-30.
- ^ Pisharody, Gokul (2023-07-08). "BPEA EQT completes $6.5 billion merger of Vistra and Tricor". Reuters. Retrieved 2024-12-30.
- ^ Auchterlonie, Tom (2024-09-16). "Vistra sees cross-border potential with Phoenix American deal". Private Funds CFO. Retrieved 2024-12-30.
- ^ "Vistra - Corporate Business Service Provider in 50+ Markets". www.vistra.com. Retrieved 2024-12-30.
- ^ "Looking forward: An industry on the move". 17 November 2014.
- ^ "Offshore 2020. Perception and Reality: Forces driving the offshore industry Report". Economic-s. 28 November 2013. Retrieved 9 July 2014.
- ^ a b "Smoke, Mirrors and Offshore Regulation". China Offshore. 3 April 2013. Retrieved 9 July 2014.
- ^ "Offshore Investments". Retrieved 12 August 2021.