The position was created as part of an expansion of Vistra’s Jersey funds team, a company spokesman said.
Hughes comes to Vistra from BNP Paribas in Guernsey, where he had been a relationship and business development manager for four years.
At Vistra, Hughes will be responsible for advising new and existing clients from across the Vistra Group on alternative investment funds, and will assist in particular in the creation and ongoing management of those funds.
Vistra caters to large international corporations, high net worth individuals and institutional investors. It dates back to 1982, when it formed the wealth management part of Chiltern, a London tax specialist, before a 2006 buy-in by a number of executives from MeesPierson, chief executive Bart Deconinck.
In 2009, Vistra revealed it had sold a majority stake to IK Investment Partners, a Scandinavian private equity firm, as part of its goal of becoming one of the world’s largest fiduciary businesses.
Today the firm has 21 offices in 19 countries.
