Vistra to offer fiduciary services on Bonaire
Vistra, a trust, fiduciary, corporate and fund services provider born out of the Chiltern private client business in 1982, has received a licence to offer fiduciary services on Caribbean island Bonaire from the Dutch regulator.
Vistra, which offers both onshore and offshore solutions globally, gained the licence from De Nederlandsche Bank. Bonaire is a special municipality of the Netherlands.
Caribbean island Bonaire was part of the Netherlands Antilles until 10 October 2010, when the Antilles were dissolved. Its inhabitants wanted to remain part of the Netherlands but turnout for the vote was too low. Bonaire’s status subsequently changed to special municipality, or a public body of the Netherlands.
The change meant the authority to grant financial services licences on the island transferred from the former Netherlands Antilles central bank to the Dutch central bank, which is also that country’s regulator.
With its Bonaire fiduciary offering, Vistra plans to complement its activities on neighbouring Caribbean island Curaçao.
Vistra has a presence in both onshore and offshore jurisdictions around the world, including Belgium, Cyprus, Dubai, Frankfurt, Geneva, Hong Kong, Ireland, Jersey, London, Luxembourg, New York, the Netherlands and Singapore, among others.
The firm was the result of a management buy-in of Chiltern plc’s private client business in London and Jersey. It relaunched as Vistra in November 2006, and has since expanded into a number of jurisdictions.