Vistra, the international trust and fund administrator, has finalised its acquisition of Luxembourg’s HT Group, in turn forming Vistra Luxembourg, led by Vistra managing director, Ivo Hemelraad.

“By combining our resources and expertise, we are now well-positioned to build new business relationships across Europe,” Hemelraad said in a statament.

HT Group was established in 1992 and provides owner-managers and high net worth individuals with services including those related to tax compliance, salaries, company accounting and verification. 

In other recent developments at Vistra, last month the firm bought FTC Trust in the Netherlands, two days after it announced the launch of an office in Mauritius. 

Vistra is part of the OV Group, which also includes Offshore Incorporations. The firm operates from 23 offices and covers 19 jurisdictions.