Technology provider TrustQuay and entity and wealth management solution provider Viewpoint have partnered in an effort to improve the automation and digitalisation of trust, corporate and funds services.
The transaction is expected to close in mid-2023, subject to regulatory approval. Following the agreement, Keith Hale, currently TrustQuay CEO, will be CEO of the group and Rolf Heemskerk, currently Viewpoint CEO, will be chief information officer.
Through the collaboration, the two companies will be able to scale up their research and development, professional services, customer services and business development operations. This will allow them to accelerate automation and digitalisation initiatives and modernise the industry, TrustQuay says.
Hale comments: “Both businesses have distinct strengths and together we bring a ‘best of both worlds’, enabling us to better serve customers globally, with a stronger footprint across Europe and Asia Pacific. Our greater scale will not only significantly benefit our customers, but also the wider sector.
Heemskerk adds: “We will build a stronger and a more sustainable business that, through digitalisation, will deliver even more innovative and client centric solutions that will continue to greatly benefit the operations, productivity and efficiency of our clients.”
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