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Acquisitions Strengthen Vistra’s Swiss Operations
Sally Ling
6 February 2013
Vistra, the global
trust and fiduciary services firm, has acquired Althea, a privately-owned trust
and corporate services provider in Geneva.
“ an important wealth management
centre, benefiting from asset inflows originating in high-growth regions. This
latest acquisition adds a skilled and experienced team of professionals with a
valued client base to Vistra,” Walter Stresemann, managing director of Vistra
Geneva, said in a statement. At the same time, Vistra confirmed it has purchased the remaining shares in Centrapriv Group, the Zurich-based fiduciary and
corporate consultancy, in which it previously had a 50 per cent share. Centrapriv’s operations will now be rebranded as Vistra Zurich and Vistra
Zug. In
other news, Vistra recently bought BSI Trust Corporation (Singapore), part of
BSI Bank, the Switzerland-headquartered bank that has been put up for sale by
Italian insurer parent Generali. Following these
acquisitions, Vistra now employs over 60 staff in Switzerland across its
Geneva, Zurich and Zug offices. Globally the firm has around 350 employees in 27 offices covering 20 jurisdictions.