Vistra (one of the world’s leading funds service providers) announced the appointment of Abdel Hmitti as Managing Director and Global Head of Funds. Reporting to William Douglas (Vistra’s Chief Commercial Officer), Hmitti’s addition to the team marks a significant milestone in Vistra’s growth journey.
Vistra’s funds solutions help private capital deploy faster worldwide, delivering superior Limited Partner (LP) experiences and enhancing operational efficiency. And with Hmitti’s appointment and the recent expansion of Vistra’s funds business following their merger with Tricor, Vistra solidifies its position as a global leader in funds services.
In this new role, Hmitti will lead Vistra’s funds business, overseeing the teams responsible for commercial, relationship management, product development, and digital solutions. And he will guide the strategic direction of the business unit, driving innovative product development and ensuring a digital experience for Vistra’s clients. Hmitti’s efforts will utilize cutting-edge fund accounting software and Vistra’s investor servicing portal.
Hmitti joins from State Street where since 2007, he held senior management roles in both the US and Europe and was most recently the Head of Private Markets in EMEA. And he focused primarily on middle and back office operations and relationship management in the Alternative Investment Services unit. Prior to State Street, he held management and leadership positions at Investors Bank & Trust.
KEY QUOTES:
“‘Funds solutions is one of Vistra’s core offerings and we are thrilled to welcome Abdel as Managing Director and Global Head of this vital business area. We work with almost 70% of Private Equity International’s top 300 funds and with Abdel’s wealth of experience, he will be an invaluable leader in guiding the development of new services and offerings to further support our clients. We’re also excited about Abdel’s plans to relocate to the US later this year to expand our funds solutions in this critical market.”
- William Douglas
“Vistra is at a momentous time in its growth journey and has ambitious targets for the years ahead. Since joining, I have already seen how Vistra’s global fund, M&A and SPV capabilities facilitate the rapid deployment of private capital worldwide, ultimately helping clients achieve their fund growth goals. I’m delighted to be joining the team now and contributing my expertise to further expand Vistra’s innovative funds business.”
- Abdel Hmitti
