Vistra Jersey has acquired the funds under the administration of Herald Fund Services Limited, a member of the Herald Group in Jersey. The existing clients and Herald’s fund administration staff will join Vistra during the course of June/July 2011.
Robert Sharp, group finance director of the Herald Group said “This transaction allows the Herald Group to focus on its traditional private client business and enables us to release capital to invest in this area. We are delighted to have brought this transaction to a conclusion with Vistra and ensure continuity for our clients and staff”.
Chris Burton, CEO and managing director of Vistra Jersey said, “The Vistra Group, which has 20 offices in 18 jurisdictions, has a strong commitment to the fund business in Jersey and across our wider global network. This transaction will accelerate our growth and build additional critical mass in Jersey. I am happy that we have been able to finalise this deal with minimal disruption to the fund clients and staff of Herald”.
Vistra provides a comprehensive range of Jersey and international fund services from various jurisdictions.
