ZEDRA, a specialist in trust, fiduciary, corporate and fund services, has expanded its presence in Asia by opening a new office in Hong Kong.

ZEDRA, which was acquired Barclays’ trust and fiduciary business for an undisclosed sum, said that the new office will address the growing and diverse wealth management needs of clients in Hong Kong, mainland China and across Asia.

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The office will offer advisory, trustee and outsourcing services in Hong Kong, which will include trade, treasury, payroll and accounting services.

It will be led by managing director, John Ashwood, supported by executive director, Mandy Cheng.

ZEDRA Group CEO Niels Nielsen said: "Building our operations in Hong Kong represents the next phase of our ambitious expansion plans for the company, building on the strong momentum we have maintained during the first quarter of 2016."

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