Corporate services provider Vistra has announced the acquisition of the compliance division of Foster Raffan, a boutique chartered accounting firm based in Sydney, Australia.
Founded in the 1970s but operating under the current owners since 1995, Foster Raffan provides accounting and tax, audit and wealth management services.
The compliance division’s team of 17 staff, led by Partner Vivien Tang, will join Vistra. Vivien will remain responsible for her team while taking up the role of Head of International Expansion in Australia within Vistra.
Commenting on the acquisition, Martin Crawford, CEO of Vistra, said: “Australia is one of the largest recipients of FDI globally, ranking 14th in 2015. Building a presence in Australia is an important step to enhance our network and service offerings.”
Vivien Tang added: “Through Vistra’s clients we will be able to create a niche for ourselves in the region for companies looking to expand their businesses into this market, not only in the high-tech industry, which is a growing segment in Australia, but also clients active in other segments as they look to expand into Australia."