Vistra, a provider of trust, fiduciary and fund administration services, has announced that Hong Kong-based company formation specialist Offshore Incorporations (OIL) has rebranded to Vistra.

The rebrand heralds the culmination of five years of integration, following the merger of OIL and Vistra in 2011.

Vistra in a statement said that following an alignment of the respective corporate identities in 2015, the re-branding completes the final step in operating as one united business.

The OIL business, which will form the basis of Vistra’s Company Formation division, will complement the service offerings available under the Vistra brand, it added.

Commenting on the rebrand, Vistra CEO Martin Crawford said: “We are immensely proud of the OIL brand and what it has represented over the past 30 years; especially in the Asian markets in which it has operated. Originally branded Offshore Incorporations Limited, OIL for short, we pioneered the use of offshore entities in Asia as a means of opening up trade, investments, and capital market transactions to the rest of the world.

“As the business has developed and expanded beyond Asia, it makes sense to align under the Vistra brand. This is a significant step in the evolution of Vistra into a truly global brand and one that we are very excited about. Clients can expect the same level of service and expertise under the Vistra brand but now have better access to the global network should they require.”

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Vistra group managing director of company formation division Jonathon Clifton said: “Completing the rebrand of OIL to Vistra unites and strengthens our resources as a single international brand. This paves the way for countless opportunities for our clients, our people, and our investors, creating a better connectivity between Asia, Europe, and the rest of the world.

Our focus remains on our clients as we develop the brand and our services, especially as we shift towards and build upon our onshore capabilities.”