Corporate, trust and fund administration service provider, Vistra, has expanded into the Netherlands through the acquisition of FTC Trust.
FTC Trust provides international clients with a comprehensive range of services including company formation, management and domiciliation and corporate services.
The Netherlands has a well established reputation for the establishment of international holding, finance and royalty companies and FTC Trust has been very successful in developing this market. Serving nearly 400 clients split between the high net worth and corporate sectors, with 22 staff and an expected turnover in 2012 of nearly €4 million, FTC Trust has grown rapidly to become an important player in the market, where an approach which matches technical expertise with a strong focus on customer service has proved very popular.
Commenting on the acquisition, Jack Willems, Director FTC Trust said, “We will be joining one of Europe’s fastest growing fiduciary and corporate services groups, which we believe will bring real benefits and opportunities to our existing clients and staff. Clients will be able to benefit greatly from the broader range of services and on the ground presence in other key jurisdictions that Vistra can offer and at the same time, will find that they are still dealing with their existing contacts in the new enlarged company, which will help ensure business continuity.”
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