15.7 C
Thursday, June 13, 2024

Viewpoint and TrustQuay Finalize Merger, Driving Automation and Digitalization in Wealth, Trust, Corporate, and Funds Services

After obtaining regulatory approval, the merger between TrustQuay and Viewpoint has been successfully concluded, following its initial announcement in February this year. This strategic merger establishes a prominent technology provider based in the United Kingdom, specializing in wealth management, trust administration, corporate services, and fund solutions.

By combining their strengths, the unified organization now serves over 660 customers across Europe and Asia, marking the first time these two companies have come together. Their clientele includes corporate services providers, trust and fund administrators, PLCs, family offices, trust banks, lawyers, and accounting firms.

Customers will enjoy expanded capabilities and a broader range of products, along with increased coverage of regulatory environments and improved global customer service. This round-the-clock support encompasses a comprehensive suite of solutions, including entity management, client accounting, practice management, compliance, governance, and workflow tools. These services are now available to 46,000 operational users across more than 80 jurisdictions.

Furthermore, the merged business can drive greater product innovation, enhance its professional services, customer support, and business development, and accelerate growth across all major product areas. It is supported by 270 employees located in 12 office locations, including Jersey, Guernsey, the UK, Luxembourg, the Netherlands, Malaysia, Singapore, and Australia.

Upon completion of the merger, Rolf Heemskerk, formerly the CEO of Viewpoint, has assumed the role of CIO in the combined group and has joined the board.

Keith Hale, Group CEO of TrustQuay and Viewpoint, remarks: “Our combined product capabilities, expanded development scale, and global customer service coverage enable us to offer our customers and the wider market an unparalleled range of solutions. Through this merger, our offerings now encompass entity management, practice management, regulatory compliance, workflow, and digital capabilities for corporate services providers, trust administrators, law firms, and trust banks. We are also expanding our product offerings for global corporates and fund administrators.”

Rolf Heemskerk, CIO of the Group, adds: “TrustQuay and Viewpoint are an excellent fit, with complementary product capabilities, geographic coverage, and organizational strength. I am excited to collaborate with Keith and our combined management teams to leverage the talents and strengths of both organizations. Our aim is to assist our customers in digitally transforming their businesses, supporting their future growth and profitability through our state-of-the-art cloud technology and associated services.”

The merged business is supported by Hg and BPEA EQT, leading shareholders who specialize in investing in European and transatlantic software and services businesses, as well as Asian private equity, respectively. These strategic partnerships contribute to the company’s growth and success.

For more information, please visit: https://trustquay.com/


Please enter your comment!
Please enter your name here

More Stories

Related Articles