Vistra, a provider of trust, corporate and fund administration services, has expanded its AIFMD depositary services in The Netherlands due to increasing demand as a result of regulation.
In order to oversee the Dutch operations, the company has named Peter Soesbeek as a its new director, who will also manage Vistra expansion in the Netherlands.
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Soesbeek joins Vistra Netherlands after working with an array with corporate services groups and banking organizations. He also has extensive experience in AIFMD depositary and structured finance services.
Vistra Netherlands managing director Sjaak ten Hove said, "We are pleased to welcome Peter to the team. His appointment is a crucial step in the continued expansion of our depositary services as these become increasingly important."
Peter commented, "Vistra has the ideal platform for the provision of depositary services as part of its integrated range of solutions for private equity and real estate funds.
"It is an exciting time to join the Group and work with clients as they prepare for the far-reaching changes the AIFMD brings."
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By GlobalDataFrom July 2013, the AIFMD became effective across the European Union with aims to provide regulatory protection to investors in Alternative Investment Funds (AIFs).
