Friday, May 3, 2024

TrustQuay and Viewpoint Successfully Merge to Drive Automation and Digitalisation in Wealth, Trust, Corporate, and Funds Services

TrustQuay and Viewpoint have obtained regulatory approval to finalize their merger transaction, initially announced in February of this year. This merger establishes a prominent technology provider in the wealth, trust, corporate, and funds services sector, with its headquarters based in the United Kingdom.

By combining the complementary strengths of both companies, the merged organization now serves over 660 customers across Europe and Asia, representing a wide range of entities such as corporate services providers, trust and fund administrators, PLCs, family offices, trust banks, lawyers, and accounting firms.

Customers will experience several benefits from the merger, including access to expanded capabilities and products, broader coverage of regulatory environments, and enhanced global customer service. The comprehensive range of solutions now provided by the combined entity covers entity management, client accounting, practice management, compliance, governance, and workflow solutions. These offerings cater to the needs of 46,000 operational users across more than 80 jurisdictions, supported by 24/7 customer support.

The merged company is now positioned to drive product innovation, expand its professional services, customer support, and business development efforts, as well as accelerate growth in all key product areas. With 270 employees spread across 12 office locations, including Jersey, Guernsey, the UK, Luxembourg, the Netherlands, Malaysia, Singapore, and Australia, the organization is well-equipped to meet the needs of its diverse customer base.

As part of the completion of the merger, Rolf Heemskerk, previously the 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 enthusiasm for the merger, stating, “Our expanded product capabilities, development scale, and global customer service coverage enable us to offer a unique range of solutions to our customers and the broader market. By joining forces, we now provide comprehensive entity management, practice management, regulatory compliance, workflow, and digital capabilities for corporate services providers, trust administrators, law firms, trust banks, as well as an expanding product set for global corporates and fund administrators.”

Rolf Heemskerk, CIO of the group, adds, “TrustQuay and Viewpoint are an ideal match, complementing each other in terms of product capability, geographic coverage, and organizational strength. I look forward to collaborating with Keith and our combined management teams to leverage the talents of both organizations and the strengths of our products. Through this collaboration, we aim to assist our customers in digitally transforming their businesses, supporting their future growth and profitability with our cutting-edge cloud technology and associated services.”

The merged business is supported by shareholders 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 focused on active ownership strategies.

Elliot Preece
Elliot Preece
Elliot is the Editor at ABCMoney. He manages a team that writes and contributes to many leading publications across a number of industries.

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