Vistra has completed the acquisition of the corporate services business in Jersey of Deutsche Bank’s Global Transaction Banking division.
The business will now be rebranded under the Vistra umbrella.
Corporate services provides management and administration of Special Purpose Vehicles and asset holding companies to banks, non-bank financial institutions and corporates. In addition to the operation in Jersey, the acquisition of the UK, Luxembourg, Ireland, and the US operations was also completed this week.
Commenting on the acquisition completion, Jane Pearce, Country Managing Director, Vistra Jersey said, “We are pleased to be officially welcoming Deutsche Bank’s Corporate Services business inJersey to the Vistra team. This broadens our capabilities and presence in the region significantly. This acquisition will facilitate growth allowing us to leverage our existing business networks and capabilities, particularly across Europe, whilst enhancing and consolidating our capabilities particularly within the Capital Markets and Structured Finance sectors. We are looking forward to continuing to grow in the region, creating exciting opportunities for both our current and new employees.”
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