Vistra, a global fund services firm, has expanded into Australia with the acquisition of Foster Raffan’s compliance division.
Foster Raffan is an accounting and tax, audit, and wealth management services firm.
The compliance team of 17 is led by Vivien Tang, who will join Vistra as head of international expansion in Australia, while continuing to lead the group.
The acquisition follows Vistra’s expansion into Germany in April with the acquisition of Optegra, a finance, legal and management consultancy.
The firm also opened a Monaco office in February, which focuses on managing trusts, companies and private fund structures for high net worth families.