AMSTERDAM, June 16, 2014 /PRNewswire/ --
Vistra, a leading global provider of trust, corporate and fund administration services, has announced the expansion of its AIFMD depositary services in The Netherlands due to increasing demand as a result of regulation.
Vistra Netherlands has appointed Peter Soesbeek as a Director to lead on the expansion. He joins following an impressive career in corporate services groups and banking institutions, and has extensive experience in AIFMD depositary and structured finance services.
Sjaak ten Hove, Managing Director of Vistra Netherlands, stated: "We are pleased to welcome Peter to the team. His appointment is a crucial step in the continued expansion of our depositary services as these become increasingly important."
Commenting on his appointment, Peter said: "Vistra has the ideal platform for the provision of depositary services as part of its integrated range of solutions for private equity and real estate funds. It is an exciting time to join the Group and work with clients as they prepare for the far-reaching changes the AIFMD brings."
The AIFMD came into force across the European Union in July 2013 with the aim of offering regulatory protection to investors in Alternative Investment Funds (AIFs). One of the most important consequences for Alternative Investment Fund Managers (AIFMs) is the obligation to appoint a depositary for each AIF they manage.
For further information, please contact:
Sjaak ten Hove, Managing Director
Peter Soesbeek, Director
About the Vistra Group
SOURCE Nacelle Ltd