LONDON, 26 September 2016 – Vistra, one of the largest independent corporate services providers globally, announced the establishment of a Business Process Outsourcing (BPO) Centre of Excellence (COE) in Iskandar Puteri, Malaysia. With the global company’s strong performance and positive business growth, the establishment of this BPO COE is timely to support its operations in Singapore and South East Asia.
Vistra’s regional operation centre in Iskandar Puteri, one of the rapidly growing southern development corridors of Malaysia, will represent a six figure investment in the region over the next five years and is expected to grow into one of their largest centres.
“We envision Iskandar Puteri as the next thriving business services hub and we are pleased to have Vistra on board leveraging Iskandar Puteri’s unique proposition as the world’s best nearshore to Singapore,” said Mr. Zulfiqar Zainuddin, Managing Director of i2M Ventures Sdn Bhd, a wholly-owned subsidiary of Khazanah Nasional Berhad that manages the GBS ISKANDAR programme, a specialized programme dedicated to facilitate companies in locating their Global Business Services to Iskandar Puteri, Malaysia.
In a document exchange ceremony between i2M and Vistra held during the Malaysian Investment Forum in Kensington London, Zulfiqar added that Vistra establishing its BPO COE in GBS ISKANDAR is a testament that Malaysia’s fundamentals remain strong in the ASEAN region.
The document exchange ceremony was witnessed by Dato’ Sri Mustapa Mohamed, Minister for International Trade and Industry (MITI) and Vistra was represented by Chris Burton, Managing Director of Vistra Singapore.
Vistra Group is a versatile set of companies providing a uniquely broad range of services and solutions through international incorporations to corporate services, trust, and fund administration services. The newly established BPO COE will initially operate in support of Vistra Singapore, which currently drives domestic growth through its broad corporate services offering. Vistra takes pride in servicing clients from a wide range of industries including oil and gas, energy, technology and pharmaceuticals.
Chris Burton, Managing Director of Vistra Singapore said: “This is a significant strategic move for Vistra in South East Asia. I have been impressed with the progress and development in Iskandar Puteri, which in my view offers a good balance of cost competitiveness, world-class infrastructure and a highly-skilled talent pool. Strategically located within Medini, the new central business district of Iskandar Puteri and only a 45 minute-drive from Singapore’s Central Business District, we are confident that this expansion presents solid business opportunities for Vistra and will help drive our operational efficiency and growth in the region.”
As of 2016, i2M has attracted local and multinational companies to set up their operations in Iskandar Malaysia, resulting to £250 million investment and creating 2,300 high-value jobs. About i2M Ventures Sdn Bhd: i2M Ventures Sdn Bhd was established in 2013 as a company that focuses on the development of strategic investment promotion initiatives known as GBS ISKANDAR for the Global Business Services (GBS) and Shared Services & Outsourcing (SSO) sector in Iskandar Puteri, Iskandar Malaysia.
It is a wholly-owned subsidiary of Khazanah Nasional Berhad – the strategic investment fund of the Government of Malaysia. For more information, visit http://www.gbs-iskandar.my
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