Vistra, a provider of trust, fiduciary and fund administration services, has acquired the compliance unit of Foster Raffan, an Australian chartered accounting firm, for an undisclosed sum.
Sydney-based Foster, established in 1995, provides accounting and tax, audit, and wealth management services. The firm’s compliance arm offers a range of services including accounting, business planning, monitoring, payroll and company secretarial services, superannuation administration and tax compliance.
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The compliance unit employs 17 staff, headed by partner Vivien Tang, all of whom will join Vistra as part of the deal. Vivien will now assume the position of head of international expansion in Australia at Vistra.
Vistra CEO Martin Crawford said “Building a presence in Australia is an important step to enhance our International Expansion network and service offerings. Since the Foster Raffan brand came to fruition in 1995, the partners have created a history of success and collaboration, evident through their longstanding client relationships.
“This acquisition will continue to nurture and develop the partnership which was first started with Vistra UK 10 years ago, and we are excited to welcome Vivien and her team to the Vistra family.”
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