Financial services business Vistra has announced the acquisition of Podium SAM, a privately owned wealth structuring advisory provider based in Monaco.
Following the acquisition, Podium SAM will be rebranded as Vistra Private Office SAM.
In addition, Vistra Monaco Corporate Services SAM has been incorporated to act as a local company administrator and has been granted the necessary licence in Monaco to set up and manage trusts, companies and private fund structures for HNW families.
Martin Crawford, Chief Executive Officer of Vistra, commented: “The jurisdiction’s diverse growth ambition is a key strategic addition to our HNWI service offering.”