Wednesday, 4 April, 2012

Vistra expands in Netherlands market by acquiring FTC Trust.

Vistra has announced that it has acquired FTC Trust in the Netherlands, following approval of the deal from the Dutch Central Bank on 14 March 2012. Founded in 1990, FTC Trust has built up a strong reputation in the market over the last twenty years with a management team that combines over 75 years experience. In 2006, FTC Trust moved to its new Head Office in the prestigious World Trade Centre hub at Amsterdam's Schiphol Airport. With additional offices in The Hague, Antwerp and Brussels, FTC Trust provides international clients with a comprehensive range of services including company formation, management and domiciliation and corporate services.

The Netherlands has a well established reputation for the establishment of international holding, finance and royalty companies and FTC Trust has been very successful in developing this market. Serving nearly 400 clients split between the high net worth and corporate sectors, with 22 staff and an expected turnover in 2012 of nearly €4 million, FTC Trust has grown rapidly to become an important player in the market, where an approach which matches technical expertise with a strong focus on customer service has proved very popular.

The acquisition will bring 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.

For more information on Vistra Netherlands, please contact Sjaak ten Hove on +31 88 560 9918.

Please click here to view the full press release.

Please click here to view the Dutch full press release.