Vistra has announced the appointment of Andrew Cherry as group chief financial officer (CFO) designate, effective 21 August. He succeeds Hilton Hess, CFO since 2020, who will leave the company on 3 October.

Initially based in Luxembourg before relocating to Singapore, Cherry will lead the group’s finance function and “be responsible for driving the performance of the business to achieve its ambitious long-term strategic and financial goals,” said the company’s press release, while “supporting its goal of making operating globally feel frictionless for customers.”

A chartered accountant with a degree in physics and an MBA, Cherry began his career with PWC in the UK and has worked in a variety of businesses including BAT plc, Cable & Wireless plc, Gemini Consulting, Volex plc and Salamanca Group. Most recently, he was CFO at Alter Domus for five years, where he played a key role in the value creation and successful .

“I am excited to be joining Vistra at a pivotal time in its journey. The recent merger has provided the company with the capabilities it needs to fulfil its ambitious plans and I am looking forward to playing a leading role in taking the business to the next level,” Cherry said in the communiqué.

“With a CFO career spanning 25 years, Andrew’s deep expertise in high growth situations, technology, and organisational transformation make him an ideal fit for Vistra’s development journey. His commitment to executional excellence will also help ensure the company is able to deliver at the highest level for both clients and colleagues,” commented Nicholas Macksey, partner within the EQT private capital Asia advisory team at Vistra’s owner, EQT.

Last December, Vistra announced the  aiming to strengthen its position in the Luxembourg market with expanded asset management services.

This article was originally published in .