Intertrust Completes Fiduciary, Corp Business Acquisition

Eliane Chavagnon

14 June 2012

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.