AMSTERDAM, May 1, 2014 /PRNewswire/ --
Vistra, a leading global provider of trust, corporate and fund administration services, today announced the acquisition of NC Trust BV following approval of the deal from the Dutch Central Bank on 13 February 2014.
Established in 1984, NC Trust has operated as an independent boutique financial service provider serving elite Global 1000 companies, private equity and real estate firms and high net worth individuals. Specialising in the formation, management and administration of companies, partnerships and foundations for over 25 years, NC Trust offers expert guidance to corporate entities and individuals who have their holding, finance or investment activities in the Netherlands.
Commenting on the acquisition, Gerald Kotterman, Managing Director of NC Trust, said: "We will be joining one of the fastest growing corporate services groups in the world, which will bring enhanced business opportunities to our existing clients. They will be able to benefit greatly from the broader range of services and the global reach ofVistra and its sister company, OIL. At the same time, our clients will find that they are still dealing with their existing contacts in the new and enlarged company, which will ensure business continuity. Our local staff will also benefit from the larger range of development opportunities which are likely within a growing and dynamic operating company."
The acquisition will bring Vistra's staff numbers in the Netherlands to 96, with NC Trust being rebranded under the Vistra umbrella and relocating to the Vistra Amsterdam Schiphol offices at WTC Schiphol Airport as of 1 July 2014.
Vistra Netherland's Managing Director, Sjaak ten Hove adds: "The Netherlands is an important location for our Group, having a well established reputation for the establishment of international holding, finance and royalty companies. NC Trust adds a skilled and experienced team of professionals with a valued client base to Vistra. We are delighted to welcome them into the Vistra Group."
1 July will also see the consolidation of Vistra's two Netherlands offices with the relocation of Vistra's Breda staff and operations to the Amsterdam Schiphol office. Bringing its professionals under one roof enables Vistra to create additional benefits to clients with the implementation of fully integrated, multifunctional teams. The new structure provides improved efficiencies through the formation of regional teams focusing on CIS/Eastern Europe, Europe and Latin America, North America and the Far/Middle East and Africa.
About the Vistra Group
Vistra is a global independent provider of trust, corporate and fund services. Our services include company formation and management, offshore incorporations, fund formation and administration, trustee services, family office, marine and aviation and accounting services. Vistra operates in 30 locations globally with a network spanning 21 jurisdictions. Clients can benefit from Vistra's multi-jurisdictional approach, delivered by a team of professionals with an in-depth understanding of the often complex needs of international clients.
Vistra is part of the OV Group, which includes Offshore Incorporations Limited Group (OIL), Asia's leading company formation specialist and Vistra. The OV Group employs some 800 professionals and is the 3rd biggest provider of trust and corporate services worldwide. For more information, please visit http://www.vistra.com.
About NC Trust BV
NC Trust BV provides management, administrative and corporate-legal services to companies established in the Netherlands and which are owned by non-resident shareholders. During its long history, NC Trust BV has built an extensive, informal network of legal and tax experts located in the Netherlands, throughout Europe, the USA, the CIS countries, India and other parts of the world.
For further information, please contact:
Sjaak ten Hove, Managing Director
SOURCE Vistra Group