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Saturday, July 13, 2024

Viewpoint and TrustQuay Finalize Merger, Empowering Automation and Digitalization in Wealth, Trust, Corporate, and Fund Services

TrustQuay and Viewpoint have successfully concluded their merger transaction after receiving regulatory approval. The announcement of this strategic union was made in February of this year. The merger establishes a prominent technology provider, headquartered in the United Kingdom, specializing in wealth management, trust administration, corporate services, and fund solutions.

By bringing together the complementary strengths of both companies, the newly combined organization now serves over 660 customers across Europe and Asia. This customer base includes corporate service providers, trust and fund administrators, PLCs, family offices, trust banks, lawyers, and accounting firms.

Customers will experience numerous benefits, including expanded capabilities and product offerings, broader coverage of regulatory environments, and enhanced global customer service. The support is available 24/7 and encompasses a comprehensive range of solutions such as entity management, client accounting, practice management, compliance, governance, and workflow solutions. These services cater to 46,000 operational users spanning over 80 jurisdictions.

With a workforce of 270 employees across 12 office locations, which include Jersey, Guernsey, the UK, Luxembourg, the Netherlands, Malaysia, Singapore, and Australia, the combined business is well-positioned to deliver greater product innovation, scale its professional services, customer support, and business development efforts, and accelerate growth across all key product areas.

As part of the merger, Rolf Heemskerk, previously the CEO of Viewpoint, has assumed the role of CIO of the combined group and has joined the board.

Keith Hale, Group CEO of TrustQuay and Viewpoint, shares his thoughts on the merger: “The consolidation of our product capabilities, development scale, and global customer service coverage enables us to offer a unique range of solutions to our customers and the broader market. By joining forces, we now provide entity management, practice management, regulatory compliance, workflow, and digital capabilities for corporate service providers, trust administrators, law firms, trust banks, as well as an expanding product set for global corporates and fund administrators.”

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

The combined business is backed by shareholders Hg, a leading investor in European and transatlantic software and services businesses, and BPEA EQT, the Asian private equity arm of EQT, a purpose-driven global investment organization focusing on active ownership strategies.

Sam Allcock
Sam Allcockhttps://businesslancashire.co.uk/
Sam Allcock is a highly regarded digital entrepreneur with over 20 years’ experience in online marketing for some of the World’s biggest brands. He has extensive knowledge and experience in SEO and digital marketing. He is based in Cheshire but has an interest in all things going on in the North West and enjoys contributing local news to the site.
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