People Moves
Vistra Group Acquires Family Office, Consulting Firm With Asia Client Focus
The firm has bought a Switzerland-headquartered family office and consultancy firm with a strong Asia client focus.
Vistra Group, a provider of international incorporations, trust, fiduciary and fund administration services, has acquired Zürich-based family office and consulting company globalOne, a business that focuses mainly on clients located in Asia.
Founded in 1999, globalOne specialises in providing a range of fiduciary and family office services. The globalOne team, led by Bruno Sidler, will join the Vistra Zürich office to boost their existing private client services.
Comprising two brands, Vistra and OIL, the group employs more than 1,300 employees in 46 offices across 35 jurisdictions.
In October last year, Baring Private Equity Asia completed its acquisition of a majority stake – announced in May 2015 - in Vistra Group. This change of investor from the previous majority stakeholder, IK Investment Partners, did not affect the ongoing operations of Vistra Group, whose management team continued to hold a significant shareholding in the company. In 2013, Vistra bought BSI Trust Corporation (Singapore), part of BSI Bank.
