Vistra, a trust, corporate and fund administration services provider, has purchased Fiduciary Management Limited (FML), an independent trust company business based in Jersey.
The deal, whose terms of have not been disclosed, will bring Vistra’s staff headcount in Jersey to 75.
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As part of the acquisition, Paul Le Marquand and Lynda Vautier, the principals of FML will join Vistra and play a major role in the management of client services and the ongoing development of the business.
Vistra Jersey managing director Chris Burton said: "The conclusion of this transaction is a further step in Vistra Group’s development and reinforces its commitment to Jersey."
FML managing director Paul Le Marquand said: "Joining Vistra opens up opportunities within a larger group, which will provide greater flexibility of choice of jurisdiction within the same group to support our clients’ underlying global business activities."
Founded in 1996, FML provides trust and corporate services to HNW private clients and international companies.
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