Maples Fund Services acquires Vistra FS’ Singapore and Hong Kong offices

The firm is expanding its Asian footprint.

Global fund services provider Maples Fund Services today revealed that it is acquiring the Hong Kong and Singapore operations of Vistra Fund Services in a bid to expand its presence of in Asia.

Since its establishment in 2005, the growth of Maples Fund Services has been organic. This is the firm’s first acquisition, which demonstrates its long-term commitment to fund administration.

The strategy of organic growth combined with future strategic acquisitions is expected to continue to further evolve Maples Fund Services, which currently has US$ 47.5 billion in assets under administration, as a leader in the fund services space.

According to Scott Somerville, Chief Executive Officer of MaplesFS, “This acquisition further increases our growing market share in the region, and we continue to view Asia as a strong growth opportunity for our business both in the near-term and long-term. 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.”