Walbrook Group, the independent offshore fiduciary services provider, has established its first overseas operation after acquiring Deloitte’...

Walbrook Group, the independent offshore fiduciary services provider, has established its first overseas operation after acquiring Deloitte’s Hong Kong trust operation. The move will bring new business opportunities both there and in wider Far East region and strengthen the group’s ability to service its international clients, according to the company. Peter Wong, who was a partner in Deloitte with responsibility for part of its trustee services, has joined the group as chairman of Walbrook Trustees (Hong Kong). Walbrook was established in 1977, as the offshore trust arm of Deloitte in the UK, and became independent in 2003 following a management buy-out backed by Hermes Private Equity. It now employs more than 200 staff.