Intertrust Group has completed
its previously-announced acquisition of fiduciary and corporate services business Walkers Management Services, in a move which now
sees the firm operate with a 1,100-strong workforce across 21 countries. The
financial details of the transaction remain undisclosed.

Having obtained the necessary regulatory approvals, the firms have started integrating Walkers Management Services into Intertrust, which involves “full
rebranding” of all WMS activities into the Intertrust brand, the firm said in a statement today. The integration process is expected to finalize by 3 September.

"Through
the acquisition we gain a market leading position in the Cayman Islands, one of
the most important financial centers in the world, and we further expand our
global network by adding offices in Dubai, Delaware and the British Virgin
Islands,” David de Buck, Intertrust chief executive, said in a statement
when the acquisition was first announced in March.

The WMS management team is “committed to stay with Intertrust Group post-integration,” Intertrust said.

WMS - a subsidiary of Walkers Global - provides corporate, fiduciary and company secretarial services from the Cayman Islands, Delaware, Dubai, Dublin, Hong Kong and the British Virgin Islands. The firm is headquartered in George Town, Cayman Islands, and generates annual sales of over $50 million.

Intertrust specializes in the trust and corporate
services sector, providing commercial, legal, tax and administrative services
to multinational corporations and high net worth individuals.