Fund services provider Orangefield Legis is to change its name
to Vistra Fund Services (Guernsey) Limited.
The Vistra rebrand follows the acquisition of the wider
Orangefield Group by investor group Baring Private Equity Asia,
late last year, which also acquired the Vistra Group, a former
Orangefield competitor. The two acquired entities are now being
merged under the Vistra brand.
Orangefield Legis recently celebrated being named 'Most
innovative fund administrator - under $30bn' at the HFMWeek
European Service Provider Awards 2016. The awards featured a number
of categories and were judged by an independent panel of senior
industry experts who considered financial progress, growth and
genuine innovation across a number of different business areas to
identify the winners of each category.
The Guernsey office specialises in alternative asset classes and
all types of alternative investment funds including listed, hedge,
private equity and real estate funds. As a result of the merger it
will significantly increases its reach, as part of one of the top
three corporate services providers globally with 2,200 staff across
Vistra Fund Services (Guernsey) Limited will continue to be
headed up by Managing Director Patricia White. The rebranding will
not affect the operation of the Guernsey office. The 50 staff will
remain the prime contacts for their clients with the added benefit
of support from Vistra's international network.
Ms White said: "Uniting under the single brand Vistra, we
are now supported by an even larger international team which has
over 2000 staff across 58 service locations. While this is the
second change of identity in a short period of time, what has not
changed is our service values - it's business as usual.
"Vistra has extensive experience with funds, corporate and
private client services which will enrich and complement our
existing offering. As part of Vistra, with a strategic focus on the
Guernsey fund services offering, and the additional support it
provides, I'm confident of a very positive future for the
Guernsey office and our employees."
Vistra Group CEO, Martin Crawford said: "Our Guernsey team,
known for its award-winning service to an international client
base, is focused on all classes of alternative investment funds,
included listed, hedge, private equity and real estate funds. A
specialism within the local team is the alternative asset classes
it handles, including student accommodation, leisure property and
London-listed litigation and timber funds. These specialisms, along
with the fact that Guernsey has a strong reputation and a robust
regulatory environment, means that our Guernsey operation is an
important part of the Vistra Group and sits well alongside the
jurisdictions in which we already operate." - See more at:
Many people are baffled by trusts, the purpose of which they don't fully comprehend. Some even regard them with suspicion, as tools of of opaque tax evasion strategies of a type favoured by wealthy individuals.
We were recently instructed by a Bank in relation to a regulatory matter. The Bank had made a suspicious activity report to the Financial Investigation Unit ("FIU") due to their concerns about the potential source of funds in an account.
Register for Access and our Free Biweekly Alert for
This service is completely free. Access 250,000 archived articles from 100+ countries and get a personalised email twice a week covering developments (and yes, our lawyers like to think you’ve read our Disclaimer).