Wilmer Gibson, a provider of wealth management services, has established a new office in the Japanese capital of Tokyo.

The new office is said to boost the firm’s position outside Singapore.

Wilmer Gibson CEO Carver Yang believes that the Tokyo addition will play an integral role in sustaining growth at the firm.

Yang noted: “This office is one of the many movements Wilmer Gibson is making to take advantage of the opportunities in the global investment management industry, including expansion in the Asia Pacific region and the development of additional resources in many areas such as technology, marketing, global wealth management and institutional client management.”

The Tokyo location will initially accommodate nearly 42 employees, mostly new hires.

The office will focus on technology though it will also cover other areas such as global wealth management, institutional client management, as well as marketing.

The senior vice president and head of global wealth management sales David Wu will be in charge of the new facility.

“The Tokyo office delivers the opportunity to expand our customer relationships, hire new experts in the field with additional skills and knowledge, and expand our technology expertise and innovation across the Asia-Pacific region,” Yang added.

Earlier this week, Wilmer Gibson was in the news for its purchase of a Singapore-based insurance specialist and risk advisory business.

The name of the acquired entity has not been revealed.

Wilmer Gibson said that the name will be revealed once the regulatory and contract signing process is wrapped up.