ZURICH, October 7, 2014 /PRNewswire/ --
Vistra, a leading global provider of trust, corporate and fund administration services, today announced the acquisition of Qubus Management AG ("Qubus").
Established in 2008, Qubus delivers a tailor-made, full range of fiduciary, corporate and trustee services to Latin American high-net-worth individuals, business owners and their families.
Commenting on the acquisition, Stephan Müller, Managing Partner of Qubus, said: "We believe this development marks an important and exciting step forward for our business and are confident that it will be beneficial to our clients and business partners. Joining Vistra opens up opportunities within a larger network of experts and providers and a broader global coverage."
The acquisition will bring Vistra's combined staff numbers in Geneva, Zürich and Zug to 84, with Qubus being rebranded as Vistra and relocating to the Vistra Zurich offices in due course.
Ivo Hemelraad, Managing Director of Vistra Zurich and Vistra Zug, adds: "Qubus' experience within the Lat-Am markets further strengthens our existing knowledge and network and we look forward to working with our new clients and colleagues."
About the Vistra Group
The Vistra Group is a versatile set of companies providing services and solutions from international incorporations to trust, fiduciary and fund administration services. Comprising two key brands, Vistra and OIL, they employ over 1,000 professionals across 21 jurisdictions.
Vistra's specialist colleagues provide tailored trust, fiduciary, fund and corporate services. They form strong, trusted connections with their clients, based on a deep understanding of their professional worlds, drawn from extensive experience of working in those worlds.
OIL is the trusted leader in international corporations, with over 25 years of success to their name. They have the best technical teams and systems, to deliver outstanding results every time.
Qubus is an independent boutique, fiduciary and trust company specialised in providing and administering tailored wealth planning solutions for Latam clients. Since its establishment in 2008 it has grown to a specialised firm with presently 18 staff members, all based in Zürich.
SOURCE Vistra Group