Vistra Group has acquired the Zurich-based family office and consultant company globalOne.
The newly-acquired company will join Vistra’s Zurich office under the continued leadership of its founder Bruno Sidler.
Started in 1999, globalOne specialises in servicing the Asian market, and has a second office in Hong Kong, where Vistra is based.
Vistra Zurich’s managing director Sascha Zuger said: “We are delighted to welcome Bruno, globalOne colleagues and their clients to Vistra. We look forward to mutually building a successful collaboration in which Vistra’s global network and extensive services can complement globalOne’s expertise and experience, particularly in the Asian market.”
Vistra Group is registered in Bulgaria, Hungary, Jersey, Poland, Romania, Singapore and Switzerland, and operates in 35 countries.
The company dates back to 1982, when it formed the wealth management part of Chiltern plc, a London tax specialist. This business was bought by the former management team of Fortis Intertrust, and a Jersey operation was added. In 2009 IK Investment Partners, a European private equity firm, acquired a majority stake in Vistra, which it merged a few years later with Asia-based corporate services provider OIL. Last year Baring Private Equity Asia acquired a majority stake in the business, which continues to do business both as OIL and Vistra.