Vistra acquires Singapore trust unit of BSI
The acquisitive firm makes the purchase on the grounds that it sees the provision of trust services as a growing trend in the city-state.
Fiduciary services firm Vistra has acquired the trust unit of BSI Bank in Singapore, saying it sees the provision of trust services as a trend that is growing in the city-state.
The purchase, approved by the Monetary Authority of Singapore, will see all services and business of BSI Trust Corporation Singapore transferred to Vistra by today (January 31). Financial details were not disclosed.
The decision to sell the trust unit was taken by BSI Bank itself, not by its Italian insu…
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