Vistra sets up Spain’s operations to extend geographical reach
Corporate, trust and fund administration services provider Vistra has launched new offices in Madrid and Barcelona to target growing local opportunities and North as well as Latin American markets.
Oscar Garcia will lead the Spanish operation as managing director of Vistra Spain and executive director of the Latin American market.
He already advised domestic and foreign companies across a wide range of specialist areas in the Spanish market and has experience of designing complex solutions in accounting, taxation, payroll services, commercial services, trademarks and public administration.
From the two offices, Vistra will offer a full range of corporate, fund and private client services. Corporate clients will be able to access a range of consultancy and operational services including company formation, offshore incorporations, fund and structuring advice.
Spain will also offer an entry point for clients seeking investment and structuring solutions for the Latin American markets, given this continent’s vast natural resource wealth and rapidly growing economies.
Vistra also recently opened dedicated Russian and Chinese desks within its European network to support clients who wish to develop into these fast moving growth markets.
Private client services available include structuring, estate and inheritance planning and trustee and fund administration services.
“Having Spanish based offices will offer significant opportunities for Vistra to target inbound and outbound investments in the Spanish and European economies. Spain also occupies a political and economic strategic position for companies wishing to access southern Mediterranean and North African markets. Nearly 13,000 foreign companies are established in Spain, many of which are amongst the Forbes top 100 multinationals. The country has therefore been recognised as an important market and as a gateway to a significant number of potential clients,” Garcia said.