Vistra, the Asia-based provider of fund and corporate services, has acquired the fund administration and transfer agency business of U.S.-based Phoenix American Financial Services, Inc. The transaction does not include Phoenix American’s aviation services business. As part of the deal, Zane Doyle, chief strategy officer of Phoenix American, will join Vistra.
The deal will enhance Vistra’s fund administration services to include a transfer agency solution and will deepen its private market capabilities. The deal will also bring new capabilities to Vistra in the high-volume retail investor space, with the acquisition of Phoenix American’s proprietary technology platform, STAR-XMS, which tracks investors and investment transactions to assist in fund performance reporting.