Following a planned succession process leading into the next phase of growth, Vistra, one of the leading Fund and Corporate Service providers announced the appointment of Simon Webster as the new Chief Executive Officer for Vistra Group, effective 7 November 2022.
What does Simon bring to Vistra in the new role?
Based in Vistra’s headquarters in Hong Kong, Simon will lead the business in 47 jurisdictions as it positions itself for ongoing growth as the global market leader in the Fund and Corporate Services industry. Simon will also join Vistra’s Board following Regulatory approval.
With over 30 years’ experience, Simon was the Group CEO of CPA Global, the provider of intellectual property software, services, data and analytics for corporates and law firms.
He is an experienced, business leader who helped transform CPA Global from a single product, 250-person firm into the de facto intellectual property industry platform, including leading the acquisition and integration of multiple businesses worldwide. In prior roles, he also led significant investment, offshoring and transformation programs across sales, product and support areas to deliver significant value creation with cultural and organisational change.
Simon Webster said, “I am excited to join Vistra, a firm I have admired for many years and have recognised as a global leader with a strong management team, expert professionals, and unparalleled client service. I look forward to working with the Board, the Executive Committee and colleagues around the world to take this incredibly strong platform and grow the business to new heights and to help both our colleagues and clients seize opportunity.”
What were the executives’ thoughts on the reshuffle?
Commenting on the reshuffle, Simon Hinshelwood, Vistra Board Chair said, “Vistra has grown exponentially over the past seven years, both organically and through strategic M&A, and has transformed into a truly global platform and enterprise. Alan Brown (our outgoing CEO) leaves us with the thanks of the Board for his significant role in this transformation.”
“He has also been at the forefront of our journey to become the pre-eminent global player in our industry with a resilient, scalable, enterprise-wide technology platform that delivers expert services to organisations and enterprises operating across multiple jurisdictions. Vistra’s global platform will also facilitate further accelerated growth by enabling Vistra to continue adding services and jurisdictions seamlessly, both organically and through M&A.”
“We are well positioned to become a stronger market leading player and I am thrilled to welcome Simon Webster to Vistra to lead us through the next phase of our growth journey.”
Alan Brown shared, “It’s been a privilege to have shaped and led Vistra’s team of 5000 colleagues over the past few years. Watching such an extraordinarily diverse group of people come together to form One Vistra has been one of the highlights of my 42-year career.”
“Together with my great leadership team, we have built an industry-leading global operating platform. It has been very rewarding to see this translating into strong organic growth. I wish Simon Webster every success as, with BPEA’s support, I truly believe Vistra will become the leading player in the Fund & Corporate Services Industry,” Alan Brown further commented.