M and A
Deals Of The Day: The Latest In Wealth Management M&A β Vistra, Sertus
The latest mergers, acquisitions and other corporate actions in the wealth management sector.
Vistra
After receiving regulatory approval, Hong Kong-headquartered
Vistra, a provider of
business services, has completed its acquisition of Sertus, a Hong Kong-based
provider of company incorporation and corporate services.
This transaction will expand Vistra's global incorporations (GI) business by deepening the expertise and capabilities in the six jurisdictions in which Sertus and Vistra GI both operate β Hong Kong, British Virgin Islands, Cayman Islands, Delaware (US), Samoa and the Seychelles, Vistra said in a statement.
"Bringing together our two businesses will extend Vistra's scale, scope and reach allowing us to provide deeper and broader end-to-end solutions to support our clients' growth ambitions,β Jonathon Clifton, group managing director, entity platform and incorporations, said.
"For our clients, this combination provides access to Vistra's global reach in over 50 markets and deep expertise and capabilities" Celia Fung and Josephine Pao, Sertus co-founders, said. While Sertus is now part of the Vistra group, there are no immediate changes for clients, the firm added.
