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"[People] don’t expect retirement to begin with social security and sit on the back deck in a lounge chair for the rest of their lives. This group really wants to remain active."

Jeff Cimini, head of personal retirement at Merrill Lynch

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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.

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