Vistra has gained authorisation from the Central Bank of Ireland (CBI) to provide fund administration services from Ireland.
“This further strengthens Vistra’s presence in the Irish market and extends its global footprint delivering fund administration services in more than 50 markets”, it said in a statement on 8 May.
The team is supported by cutting-edge fund accounting software and Vistra’s own bespoke investor servicing portal, VFunds, a fully integrated digital platform enabling investment managers, investors, and other related parties to receive the information they need in a fast, transparent and efficient way.
To support the expansion of Vistra’s global fund administration network, Vistra Funds Services (Ireland) has appointed Aimee Gill, CEO and head of fund accounting, Paul McDonald, head of investor services and Jacqueline Evbodaghe, head of risk and compliance.
Cliona O’Faolain, managing director, Vistra Ireland said: “We’re delighted to have obtained this license from the CBI and welcoming Aimee, Paul and Jacqueline to these key leadership roles will help us further elevate our business. Ireland is an integral hub for the investment funds industry and an important gateway between our clients in the US, UK, and Europe, as well as a jurisdiction increasingly on the radar of those based in Asia.
“The license enables us to better serve our clients across Vistra globally, strengthening our foothold within Europe and opening the Irish market so that we can contribute to the growth ambitions of new and existing fund clients.”
Abdel Hmitti, Vistra’s newly appointed global head of funds said: “This significant milestone enables us to provide the end-to-end administrative services to support our clients throughout the lifecycle of their funds and partner with them as they set up, run and expand their fund operations in more places than ever before.
“With our expanded capabilities, we can better navigate today’s complex business landscape for our clients and enhance their funds’ growth in Ireland and beyond. My thanks to Cliona, Aimee, Paul, Jacqueline and the rest of the team for their work in securing this license.”
