Maples Acquires Vistra Fund Services’ Hong Kong and Singapore Ops

Maples Fund Services (Maples FS) has acquired the Hong Kong and Singapore operations of Vistra Fund Services (Vistra FS).

Vistra FS is perceived as being complementary to Maples FS’ current Asian operations which have been focused on serving those alternative fund managers in Hong Kong, Singapore, Japan and the Greater China region wishing to set up hedge or private equity funds.

Since its establishment in 2005, Maples Fund Services has achieved its growth organically. The acquisition therefore marks the firm’s first long-term commitment to fund administration and its presence in Asia, considerably enhancing its global position within the industry.

Maples FS’ CEO, Scott Somerville, says, “We identified Vistra FS as a strong addition to Maples Fund Services due to the many synergies between the two businesses, including similar focus on providing custom solutions, approach to client services and technology innovation, and independence with no conflicts.”

Maples FS states that it aims to retain all relevant Vistra FS staff post-acquisition, with the intention of fully integrating them into the existing Maples Fund Services Hong Kong and Singapore-based teams.

Ivo Hemelraad, global head of Vistra Fund Services says, “We believe Vistra FS will be an excellent fit with Maples Fund Services, who will be able to further accelerate its already impressive client intake across Asia. We are pleased that the client servicing and future of the staff is assured under Maples Fund Services.”

Vistra FS’ Hong Kong office was established in 2012 and its Singapore office in 2013. Both offices’ senior management teams will continue to maintain leadership roles.