HFMWeek award success and Vistra rebrand for Orangefield Legis
10 May 2016
Fund services provider Orangefield Legis is to change its name to Vistra Fund Services (Guernsey) Limited.
The Vistra rebrand follows the acquisition of the wider Orangefield Group by investor group Baring Private Equity Asia, late last year, which also acquired the Vistra Group, a former Orangefield competitor. The two acquired entities are now being merged under the Vistra brand.
Orangefield Legis recently celebrated being named 'Most innovative fund administrator - under $30bn' at the HFMWeek European Service Provider Awards 2016. The awards featured a number of categories and were judged by an independent panel of senior industry experts who considered financial progress, growth and genuine innovation across a number of different business areas to identify the winners of each category.
The Guernsey office specialises in alternative asset classes and all types of alternative investment funds including listed, hedge, private equity and real estate funds. As a result of the merger it will significantly increases its reach, as part of one of the top three corporate services providers globally with 2,200 staff across 58 locations.
Vistra Fund Services (Guernsey) Limited will continue to be headed up by Managing Director Patricia White. The rebranding will not affect the operation of the Guernsey office. The 50 staff will remain the prime contacts for their clients with the added benefit of support from Vistra's international network.
Ms White said: "Uniting under the single brand Vistra, we are now supported by an even larger international team which has over 2000 staff across 58 service locations. While this is the second change of identity in a short period of time, what has not changed is our service values - it's business as usual.
"Vistra has extensive experience with funds, corporate and private client services which will enrich and complement our existing offering. As part of Vistra, with a strategic focus on the Guernsey fund services offering, and the additional support it provides, I'm confident of a very positive future for the Guernsey office and our employees."
Vistra Group CEO, Martin Crawford said: "Our Guernsey team, known for its award-winning service to an international client base, is focused on all classes of alternative investment funds, included listed, hedge, private equity and real estate funds. A specialism within the local team is the alternative asset classes it handles, including student accommodation, leisure property and London-listed litigation and timber funds. These specialisms, along with the fact that Guernsey has a strong reputation and a robust regulatory environment, means that our Guernsey operation is an important part of the Vistra Group and sits well alongside the jurisdictions in which we already operate."Back to News
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