The provider of trust, fiduciary, fund and corporate services has made another acquisition – this time in Singapore.

Hong Kong-headquartered Vistra Group has acquired Intro International, a corporate services provider in Singapore, for an undisclosed sum.

Intro International provides management consultancy, company structuring, corporate, accounting and tax compliance services. Its clients include trading companies from the UK and Australia looking to establish an operation in Singapore.

The acquisition comes as part of Vistra’s strategy to focus on international expansion services that are driven by foreign direct investment. Last month, the group acquired India-based Ujwal Management Services Private. In April it bought IL&FS Trust Company, also in India.

Duncan Merrin, managing director and founder of Intro International, and Yati Merrin, director of corporate services, will remain with the business for the foreseeable future, with Duncan Merrin becoming a consultant to Vistra after the transition period. Meanwhile, Graham Harkness, director at Intro International, will become director of international expansion services at Vistra Singapore.

“This transaction not only strengthens our market presence, but the strong relationships Intro International has with various trade bodies can also help us to tap into new client base which will widen our business referrals outside Singapore,” said Chris Burton, managing director of Vistra Singapore.