TrustQuay and Viewpoint have received regulatory approval to complete the merger transaction first announced in February this year.
The combined organisation brings together the complementary strengths of both companies to over 660 customers across Europe and Asia for the first time, spanning corporate services providers, trust and fund administrators, PLCs, family offices, trust banks, lawyers and accounting firms.
Customers will benefit from more capabilities and products, wider coverage of regulatory environments and enhanced global customer service. This 24/7 support now covers a comprehensive range of entity management, client accounting, practice management, compliance, governance and workflow solutions to 46,000 operational users across 80+ jurisdictions.
The business can now deliver more product innovation, scale up its professional services, customer support and business development, and accelerate growth across all key product areas, supported by 270 employees in 12 office locations which include Jersey, Guernsey, UK, Luxembourg, Netherlands, Malaysia, Singapore and Australia.
On completion, Rolf Heemskerk, CEO of Viewpoint, has now become CIO of the combined group and joins the board.
Keith Hale (pictured), Group CEO of TrustQuay and Viewpoint, commented: “Our newly combined product capabilities, development scale and global customer service coverage mean we will be able to offer our customers and the wider market a unique range of solutions. By joining forces, our offering now spans entity management, practice management, regulatory compliance, workflow and digital capabilities for corporate services providers, trust administrators, law firms and trust banks, as well as an increasing product set for global corporates and fund administrators.”
Rolf Heemskerk, CIO of the Group, added: “TrustQuay and Viewpoint are a highly complementary fit, from product capability, geographic coverage, through to organisational strength. I’m looking forward to working with Keith and our combined management teams to bring together the talents of both organisations and the strengths of our products. By doing so, we aim to help our customers to digitally transform their businesses and support their future growth and profitability with our latest 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 in active ownership strategies.