Vistra also confirmed that it has purchased all of the remaining shares in Centrapriv Group, the Zurich based fiduciary and corporate consultancy company in which it previously owned 50%. Vistra now employs over 60 staff across its Geneva, Zurich and Zug offices.
Welcoming the staff and clients of Althea into the Vistra Group, Walter Stresemann, Managing Director of Vistra Geneva said, "Switzerland is a key location for our Group – we see the jurisdiction continuing to be an important wealth management centre, benefiting from asset inflows originating in high-growth regions. This latest acquisition adds a skilled and experienced team of professionals with a valued client base to Vistra. By bringing Althea and Centrapriv fully into the Vistra Group, we will be able to offer their clients a broader range of services through our worldwide network."