14.9 C
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.


England vs Spain Free Bets: Get 50/1 on England to Win the Euros! – Euro 2024 BetVictor Sign-Up Offer

The country waits in anticipation as England prepares for...

Wimbledon 2024 final: Alcaraz through after win vs Medvedev

Holder Carlos Alcaraz held off world number five Daniil...

Thomas Kneale’s Brett Mendell awarded ‘Advocate of the Year’ award

Brett Mendell - the managing director at bedroom and...

Legal expert reveals steps to take after personal data breaches

A legal expert has outlined what to do if...

Subscribe to our newsletter

Business Lancashire will use the information you provide on this form to be in touch with you and to provide updates and marketing.

Don't miss

How are businesses dealt with in divorce?

How businesses are dealt with in divorce, is one...

Best Horse Racing Betting Apps In The UK – July 2024

If you are looking for the top horse racing...

Jack Mason – AI Innovation and Regulation Are Hurting Microsoft

Microsoft's recent decision to leave the OpenAI board amidst...

Public chance to have say on proposed pump track in Nelson

A consultation is being held for people to have...

More News

UK Home Appliance Factory Contents Go Up for Auction

NCM Auctions, a specialist auctioneer and asset management firm, is auctioning the contents of a Merseyside-based factory on behalf of Glen Dimplex, a home...

Jack Mason – AI Innovation and Regulation Are Hurting Microsoft

Microsoft's recent decision to leave the OpenAI board amidst increasing regulatory scrutiny marks a significant juncture in the tech industry. This move, first reported...

Party Central Debuts in the UK: Transforming Event Planning with Cutting-Edge Marketplace

Party Central, an innovative platform designed to revolutionise the organisation of private events, weddings, parties, and corporate functions, has officially launched in the UK....