TrustQuay and Viewpoint merger granted regulatory approval
24 May 2023 UK
Image: Yevhen/stock.adobe.com
The merger of TrustQuay and Viewpoint has now received regulatory approval and is expected to advance to completion, according to the participating companies.
The deal, which was announced in February, brings together the complementary expertise of the two companies, supporting over 660 customers in Europe and the Asia Pacific across wealth management, trust, corporate and fund services.
This will enable the business to deliver greater product innovation, scale up its professional services, customer support and business development, and accelerate growth across all key product areas, according to a statement by the two companies.
With headquarters in London, the combined organisation will employ 270 people across 12 office locations including Jersey, Guernsey, UK, Luxembourg, Netherlands, Malaysia, Singapore and Australia.
The deal is backed by investment from Hg, a specialist investor in European and transatlantic software and services businesses, and BPEA EQT, the Asian private equity arm of EQT, a purpose-driven global investment company focusing on active ownership strategies.
On completion, Rolf Heemskerk, currently CEO of Viewpoint, will become CIO of the combined group and member of the board of directors.
Keith Hale, Group CEO of TrustQuay and Viewpoint, comments: “Our newly combined product capabilities, development scale and global customer service coverage mean we will be able to offer our customers and the wider market a unique range of solutions.
“By joining forces, our offering now spans entity management, practice management, regulatory compliance, workflow and digital capabilities for corporate services providers, trust administrators, law firms and trust banks, as well as an increasing product set for global corporates and fund administrators.”
Rolf Heemskerk, CIO of the Group, says: “TrustQuay and Viewpoint are a highly complementary fit, from product capability, geographic coverage, through to organisational strength.
“I’m looking forward to working with Keith and our combined management teams to bring together the talents of both organisations and the strengths of our products. By doing so, we aim to help our customers to digitally transform their businesses and support their future growth and profitability with our latest cloud technology and associated services.”
The deal, which was announced in February, brings together the complementary expertise of the two companies, supporting over 660 customers in Europe and the Asia Pacific across wealth management, trust, corporate and fund services.
This will enable the business to deliver greater product innovation, scale up its professional services, customer support and business development, and accelerate growth across all key product areas, according to a statement by the two companies.
With headquarters in London, the combined organisation will employ 270 people across 12 office locations including Jersey, Guernsey, UK, Luxembourg, Netherlands, Malaysia, Singapore and Australia.
The deal is backed by investment from Hg, a specialist investor in European and transatlantic software and services businesses, and BPEA EQT, the Asian private equity arm of EQT, a purpose-driven global investment company focusing on active ownership strategies.
On completion, Rolf Heemskerk, currently CEO of Viewpoint, will become CIO of the combined group and member of the board of directors.
Keith Hale, Group CEO of TrustQuay and Viewpoint, comments: “Our newly combined product capabilities, development scale and global customer service coverage mean we will be able to offer our customers and the wider market a unique range of solutions.
“By joining forces, our offering now spans entity management, practice management, regulatory compliance, workflow and digital capabilities for corporate services providers, trust administrators, law firms and trust banks, as well as an increasing product set for global corporates and fund administrators.”
Rolf Heemskerk, CIO of the Group, says: “TrustQuay and Viewpoint are a highly complementary fit, from product capability, geographic coverage, through to organisational strength.
“I’m looking forward to working with Keith and our combined management teams to bring together the talents of both organisations and the strengths of our products. By doing so, we aim to help our customers to digitally transform their businesses and support their future growth and profitability with our latest cloud technology and associated services.”
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