Vistra finalises acquisition of HT Group in Luxembourg
Vistra, the global provider of trust, fiduciary and fund services, has acquired Luxembourg based HT Group, which specialises in high net worth and owner-manager clients.
HT Group’s 10 staff focuses on services such as tax compliance, salary, company accounting and verification services, particularly for English speaking clients.
No value has been placed on the deal.
Vistra said the deal was driven by HT Group’s auditing skills, and its status as Réviseur d’Entreprises Agrée.
Ivo Hemelraad, managing director of Vistra Luxembourg said: “By combining our resources and expertise, we are now well positioned to build new business relationships across Europe. We are anticipating demand for our enlarged portfolio of services both from within our own European intermediary networks and from HT Group’s existing contacts and clients.”
Karl Horsburgh, managing director of HT Group, added: “Culturally, both our companies are very similar, which will make the task of integration that much easier. Clients will retain their existing contacts in the new enlarged company, which will help to ensure business continuity.”
The enlarged Vistra Luxembourg company will be led by Ivo Hemelraad, while Karl Horsburgh will be a consultant to the Management Team and continue as a Réviseur d’Entreprises Agrée. His main responsibilities will be focused on business development.