Vistra Country Managing Director Alistair Schembri hails ‘milestone’ merger with Tricor Group

Country Managing Director Alistair Schembri on Monday highlighted that the merger with Tricor Group represents a notable “milestone” for corporate services provider Vistra.

The two companies, both headquartered in Hong Kong, have joined forces to become one organisation, thus creating a workforce of over 9,000 professionals working in more than 50 jurisdictions. Through this move, it aims to become an industry leader in fund and corporate services, enabling clients to “navigate the increasing complexities of establishing, managing, operating, and growing their business around the world”.

Dr Schembri, who leads the Malta office, emphasised that the “effort and dedication put into this has undoubtedly paid off”.

He added that this has resulted in “new opportunities and growth for the combined business”.

“This milestone is also a testament to the hard work, dedication and collaboration of thousands of colleagues from all around the world,” he explained, before congratulating the Vistra and Tricor teams.

Following the merger, the business will start to operate as one unified brand in early 2024. The merged entity, headquartered in Hong Kong, will continue to be owned by BPEA EQT, a global investment organisation, with Dominique Cerutti as the Board Chair for the merged entity.

Dr Schembri joined Vistra in 2010 as an in-house lawyer, and he was promoted to Director in 2011 and Deputy Managing Director in 2016. As Country Managing Director for Malta, he is responsible for managing the local office and implementing a strategic plan that “focuses on growth within the private wealth sector”.

He graduated with a Doctor of Laws from University of Malta in 2009 and was admitted to the Bar a year later. He is a Member of the Malta Chamber of advocates, the Malta Institute of Financial Services Practitioners, and The Malta Chamber of Commerce, Enterprise and Industry.