M and A
Vistra Group Acquires Family Office, Consulting Firm With Asia Client Focus
The firm has bought a Switzerland-headquartered firm that focuses on clients mainly based in Asia.
Vistra Group,
the provider of international incorporations, trust, fiduciary
and fund administration services, has acquired Zürich-based
family office and consulting company, globalOne ag, a business
that focuses on clients mainly located in Asia.
Founded in 1999, globalOne specialises in providing a wide range
of fiduciary and family office services. The globalOne team, led
by Bruno Sidler, will join the Vistra Zürich office to boost
their existing private client services.
Comprising two brands, Vistra and OIL, the group employs more
than 1,300 employees in 46 offices across 35 jurisdictions.
In October last year, Baring Private Equity Asia completed its
acquisition of a majority stake – announced in May 2015 - in
Vistra Group. This change of investor from the previous majority
stakeholder, IK Investment Partners, did not affect the ongoing
operations of Vistra Group, whose management team continued to
hold a significant shareholding in the company. In 2013,
Vistra bought BSI Trust Corporation (Singapore), part of
BSI Bank.
