Oscar Garcia, who will lead the Spanish operation as managing director of Vistra Spain and executive director of the Latin American market, has advised domestic and foreign companies across a wide range of specialist areas in the Spanish market, as well as having experience in the design of complex solutions in accounting, taxation, payroll services, commercial services, trademarks and public administration.

“Having Spanish-based offices will offer significant opportunities for Vistra to target inbound and outbound investments in the Spanish and European economies. Spain also occupies a political and economic strategic position for companies wishing to access southern Mediterranean and North African markets,” Garcia said.

“Nearly 13,000 foreign companies are established in Spain, many of which are amongst the Forbes top 100 multinationals. The country has therefore been recognised as an important market and as a gateway to a significant number of potential clients,” he said.

Vistra believes Spain can offer an important strategic entry point for clients seeking investment and structuring solutions for the Latin American markets, given the continent’s vast natural resource wealth and rapidly growing economies. 

Together with the launch of the Spanish operation, Vistra has also recently opened Russian and Chinese desks within its (European office) network. Private client services include structuring, estate and inheritance planning, and trustee and fund administration services.

In other developments at Vistra, last month the firm appointed Rob Lucas as director of fund services. Based in Jersey, Lucas’s brief covers business development and operations in London and the main European markets.