Vistra Group Names Simon Webster as its New CEO

Industry veteran Simon Webster will lead the business across 47 geographies.

FREMONT, CA: In order to provide room for Simon Webster to lead the company through its next stage of expansion, Vistra Group CEO Alan Brown resigned.

Webster's new responsibilities as CEO include managing the company's operations in 47 different countries. The business would follow Webster's lead in maintaining its position as the fund and corporate services industry leader. Simon will take on a new position and join the board of the 16-year-old business. With his 2019 hire, Brown took the helm of Vistra's 5,000-person workforce. During his leadership, the corporation organised its workforce into the One Vistra structure, establishing a globally competitive operating platform.

Vistra has developed dramatically over the past seven years, organically and via strategic M&A, said group chairman Simon Hinshelwood. It has transformed into a genuinely global platform and organisation. The Board extends its gratitude to Alan Brown, departing CEO, for his substantial contribution to this change. With a robust, scalable, enterprise-wide technological platform that provides specialised services to organisations and enterprises operating across several jurisdictions, he has also been at the vanguard of our mission to become the leading global player in their industry. Further faster growth will be made possible by Vistra's global platform, allowing the company to effortlessly add services and jurisdictions organically and through M&A.

He further stated that Brown's investment has improved Vistra's position and made it a more potent competitor in the market. Webster has more than 30 years of experience working in the financial industry. He served as the Group CEO of CPA Global before joining Vistra, where he contributed to the company's transformation from a 250-person company with a single product into the de facto intellectual property industry platform that oversaw the acquisition and integration of numerous businesses globally.

Across sales, product, and service areas, Webster has accumulated substantial experience in investment, offshoring, and transformation programmes that have resulted in significant value creation and organisational and cultural change across sales, product, and service areas. Webster has respected this firm for many years and has recognised it as a global leader with a strong management team, knowledgeable professionals, and unmatched client service. To build on this tremendously solid foundation, expand the company to new heights, and assist their colleagues and clients in seizing the opportunity, I look forward to working with the Board, the Executive Committee, and colleagues worldwide.

Alan Brown offered his own thoughts about his leaving. Over the past few years, they’ve been honoured to shape and lead Vistra's team of 5,000 colleagues. One of the delights of my 42-year career has been seeing such an extremely diverse group of people come together to establish One Vistra.