Last Updated on: 22nd November 2023, 08:07 am
Regulatory approval has been granted for the merger between TrustQuay and Viewpoint, as initially announced in February of this year. The merger creates a prominent technology provider headquartered in the United Kingdom, focused on serving the wealth, trust, corporate, and funds services sector.
By combining the strengths of both companies, the newly formed organization now serves over 660 customers across Europe and Asia, including corporate services providers, trust and fund administrators, PLCs, family offices, trust banks, lawyers, and accounting firms.
Customers stand to benefit from expanded capabilities and product offerings, broader coverage of regulatory environments, and enhanced global customer service. The comprehensive range of solutions now available includes entity management, client accounting, practice management, compliance, governance, and workflow solutions, catering to 46,000 operational users in over 80 jurisdictions.
With 270 employees located in 12 offices across various regions, such as Jersey, Guernsey, the UK, Luxembourg, the Netherlands, Malaysia, Singapore, and Australia, the merged business is well-positioned to drive product innovation, expand professional services, customer support, and business development, and accelerate growth across key product areas.
Following the completion of the merger, Rolf Heemskerk, the former CEO of Viewpoint, has assumed the role of Chief Information Officer (CIO) within the combined group and has joined the board.
Keith Hale, Group CEO of TrustQuay and Viewpoint, expresses his optimism about the merger, stating, “The combination of our product capabilities, development scale, and global customer service coverage enables us to offer our customers and the wider market a unique range of solutions. By joining forces, our offering now encompasses 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 expanding product set for global corporates and fund administrators.”
Rolf Heemskerk, the new CIO of the group, emphasizes the complementary nature of TrustQuay and Viewpoint, stating, “From product capability to geographic coverage and organizational strength, TrustQuay and Viewpoint are a highly compatible fit. I look forward to collaborating with Keith and our combined management teams to leverage the strengths of our respective organizations and products. Through this collaboration, we aim to assist our customers in digitally transforming their businesses, supporting their future growth and profitability with our latest cloud technology and associated services.”
The merged business is backed by Hg, a prominent 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 specializing in active ownership strategies.
