Vistra Acquires Herald Fund Services
Friday, August 5, 2011
The Jersey arm of Vistra Group, a leading independent provider of trust, fiduciary,
corporate and fund services, has announced the acquisition of Herald Fund Services
limited. Existing clients and Herald's fund administration have been transferred
to Vistra Jersey.
Robert Sharp, Group Finance Director of the Herald Group, said, “This
transaction allows the Herald Group to focus on its traditional private client
business and enables us to release capital to invest in this area. We are delighted
to have brought this transaction to a conclusion with Vistra and ensure continuity
for our clients and staff”.
Chris Burton, CEO and Managing Director of Vistra Jersey said, “The
Vistra Group, which has 20 offices in 18 jurisdictions, has a strong commitment
to the fund business in Jersey and across our wider global network. This transaction
will accelerate our growth and build additional critical mass in Jersey. I am
happy that we have been able to finalise this deal with minimal disruption to
the fund clients and staff of Herald”.