Vistra acquires corporate services business from Deutsche Bank
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Vistra acquires corporate services business from Deutsche Bank 14 August 2018Hong Kong Reporter: Maddie Saghir
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Vistra has acquired the corporate services business from Deutsche Bank’s Global Transaction Banking division.
This follows Vistra’s announcement of the deal in September last year, and the corporate services business will now be rebranded under the Vistra umbrella.
The corporate services provides management and administration of special purpose vehicles and asset holding companies to banks, non-bank financial institutions, and corporates.
The business specialises in the administration of structures for structured finance transactions, aircraft leasing, commercial real estate holding, and investment funds.
Additionally, the business operates in the UK, Ireland, Luxembourg, the Netherlands, Jersey, Mauritius, Cayman Islands, and the US.
Commenting on the acquisition completion, Onno Bouwmeister, Vistra’s group managing director of alternative investments, said: “We are pleased to have entered the final stage of completion for all of Deutsche Bank’s Corporate Services to become part of the Vistra brand.”
“This is a significant opportunity for Vistra as we broaden our presence in seven of our existing locations across Europe, the Cayman Islands and Mauritius, providing further scale and expertise in our jurisdictions.”
“Vistra has experienced significant growth in the Capital Markets sector with the Deutsche Bank acquisition and that of Canyon CTS earlier this year, creating exciting new potential for our Alternative Investments division.”
Bouwmeister, added: “I look forward to working with the Vistra teams throughout our new offices to continue to build on our achievements and take Vistra to the next level.”
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