ST HELIER, Jersey, January 8, 2015 /PRNewswire/ --
Vistra, a leading global independent provider of trust, fiduciary, corporate and fund administration services, today announced the acquisition of Fiduciary Management Limited ("FML"), an independent trust company business based in Jersey.
Since its establishment in 1996, FML has maintained its focus as a high quality provider of trust and corporate services to high net worth private clients and international companies, with an emphasis on a personal, professional and flexible service. Paul Le Marquand and Lynda Vautier, the principals of FML, supported by their team of professionals, will join Vistra and play a key role in the management of client services and the ongoing development of the business. The acquisition will bring Vistra's staff numbers in Jersey to 75.
Commenting on the acquisition, Chris Burton, Managing Director of Vistra Jersey, said: "I am delighted to welcome Paul, Lynda and their team to Vistra. The two businesses share a very strong client service orientation and culturally there is a very good fit between us. The conclusion of this transaction is a further step in Vistra Group's development and reinforces its commitment to Jersey."
Paul Le Marquand, Managing Director of FML, said: "This development marks an important and exciting step for our business and I am confident of the benefits it will bring to our clients and business partners. It was essential that we identified an organisation with the same values and client approach, which has been key to our success for the past 18 years. Joining Vistra opens up opportunities within a larger group, which will provide greater flexibility of choice of jurisdiction within the same group to support our clients' underlying global business activities."
About the Vistra Group
Vistra Group, ranked among the top four service providers globally, is a versatile group providing a uniquely broad range of services and solutions, from international incorporations, to trust, fiduciary and fund administration services. Comprising of two key brands, Vistra and OIL, we employ over 1,300 professionals across 32 countries.
As a leading global player with expert industry knowledge and location specialists Vistra has a deep understanding of the professional worlds of our clients and a proven track record of offering highly versatile solutions, providing the people, processes and products that help our clients get the most from their international business.
OIL is the vanguard in international incorporations and related services. OIL has over 25 years of success in maximising and leveraging strong and close partnerships and trusted connections with clients and intermediaries, facilitating their business development and navigating jurisdictions globally. With highly experienced professionals, rigorous processes and leading technical teams, OIL is the trusted choice for clients and business partners in the coverage of jurisdictions worldwide.