Tuesday, 22 May, 2007

L'AGEFI features Vistra.

Following Vistra's successful acquisition of Luxembourg-based Benelux Trust (subject to regulatory approval inLuxembourg), the highly-respected Swiss daily financial newspaper, L'AGEFI, has printed a front page story about the takeover in its edition of 18th May 2007.  The article, written by Mohammad Farrokh, gives a clear insight into the professional history of the Vistra board, not only describing them as being "one of the most prestigious trust management teams in Geneva" but also outlining the company's strategic vision as independent suppliers of the highest quality, personalised trust management services.

In addition Farrokh suggests that independence is a quality of the highest importance in the trust management sector and that this is something that Vistra clients can be assured of, particularly under the direction of such a strong management team. Walter Stresemann, Managing Director of Vistra's Swiss office comments on this with the observation that, "10 years ago, I thought that independent (asset) managers were going to disappear. We are now seeing the opposite phenomenon evolving."

The article is rounded off with a look at the positive effects for the trust industry of the recent Swiss ratification ofThe Hagueconvention and the legal separation of the trustee and the trust holdings that it entails.

Click here for the full article. Click here for an English translation.