The acquisition, on undisclosed terms, brings Vistra’s staff numbers in the Netherlands to 60, with FTC Trust expected to be rebranded under the Vistra umbrella during the second quarter of this year.

FTC was founded in 1990, with its head office now at Schipol, the Amsterdam international airport. It also has offices in The Hague, Antwerp and Brussels. With nearly 400 clients split between the high net worth and corporate sectors, FTC has 22 staff and an expected turnover in 2012 of nearly €4 million ($5.26 million).

The enlarged Vistra Netherlands company will be led by managing director Sjaak ten Hove and executive directors Tako van Ginkel and Jack Willems.

The new office in Mauritius will focus on developing business in the increasingly wealthy Indian and African markets.