- Vistra Fund Services has sold its Hong Kong and Singapore operations to Maples Fund Services, a market leader in fund administration.
- Vistra (Amsterdam) B.V.
Maples Fund Services will look to retain all of the Hong Kong and Singapore-based Vistra Fund Services employees, with the aim of fully integrating them into the existing Maples Fund Services Hong Kong and Singapore-based teams. The Vistra FS team, which includes both client servicing and business development disciplines, has significant experience across Asia, deep local market expertise and language skills aligned to the region. Subsequent to the sale, the senior management team from Vistra FS will maintain leadership roles, which when paired with the existing senior management team at Maples Fund Services, positions the firm uniquely in the market.
Ivo Hemelraad, Global Head of Vistra Fund Services commented: “We believe Vistra FS will be a good fit with Maples Fund Services, who will be able to further accelerate its already impressive client intake across Asia. We are pleased that the client servicing and future of the staff is assured under Maples Fund Services.”