Vistra continues its rapid expansion with the announcement 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 offices in Amsterdam, The Hague, Antwerp and Brussels from where it international clients with company formation, management, domiciliation and corporate services.
FTC Trust has 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.
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.
Over the past couple of years Vistra has been growing strongly, through a combination of organic growth and acquisitions, and now employs more than 350 professionals in 19 jurisdictions.
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