Using the acquisition of Phoenix American Fund Administration and Transfer Agent business in 2024 as the catalyst, Vistra said it has transformed its fund offering into a global service model. Vistra Fund Solutions will deliver services across funds globally, powered by a proprietary technology platform that uses market-leading vendor systems.

The new global business proposition has been designed to deliver service and high-touch support to clients wherever they are in the world, the firm said in a statement. It is a global business proposition, available to the firm's fund manager clients in all parts of the world, including Asia, North America and Europe.

“The launch of Vistra Fund Solutions elevates Vistra’s position in the funds market and brings into sharper relief the value we offer our global clients,” Simon Webster, CEO of Vistra, said. “We already had a strong and powerful funds business with great people, strong capabilities and huge potential. Now it’s time to realise that potential by clarifying what makes Vistra Funds Solutions different and why we’re the natural partner of choice for fund administration and support anywhere in the world.”

Led by Abdel Hmitti, president of Vistra Fund Solutions, it provides a vertically-integrated proposition that offers products and services to support fund structures, and other related entities, ensuring a comprehensive approach across private equity, real estate, infrastructure, capital markets and aviation services. This single-source offering allows clients to focus on value creation for investors while being supported by dedicated professional teams.

“With this new proposition, we are laser-focused on optimising our operations and investing in the business to better serve our clients’ needs and support their growth,” Hmitti added. “We have reorganised our service delivery to embed a client-centric service culture that is underpinned by a robust operating model and technology platform.”