Vistra completed the acquisition of the Fund Administration and Transfer Agent business from Phoenix American.

Vistra, an international incorporations, trust, fiduciary, private office and fund administration services provider, completed the acquisition of the Fund Administration and Transfer Agent business from Phoenix American, an American financial services and technology company. Financial terms were not disclosed. "Vistra's vision is to make operating globally borderless and frictionless. Our solutions help our clients to navigate complexity in both their domestic and international markets and, as a result, to operate efficiently and compliantly wherever they need to. This significant upgrade to our capabilities in the USA will help us to support our North American clients' growth ambitions as well as provide new access into the US market for our clients across the world," Simon Webster, Vistra Group CEO.