The opening of the Hong Kong office follows the trust company's move into Mauritius last December.
Both offices were added to the Nautilus stable through the acquisition of existing trust businesses. In Mauritius, Nautilus took over Lion International Management, which now operates under the name of Nautilus Fiduciary (Mauritius).
In Hong Kong, it acquired Royal Fiduciary Group, Hong Kong, which has become Nautilus Fiduciary (Asia).
The addition of the Hong Kong office strengthens the group’s team by 12 people, bringing the number of employees to 89.
Jason Cowleard, managing director of Nautilus, said the move into Hong Kong was a strategic business decision to take advantage of the region’s growing influence as a "gateway to Asia".
He said Hong Kong’s Trust Law (Amendment) Bill 2013, which took effect last month, brought its legislation more in line with the equivalent laws in Singapore and England, and “looks likely to drive business back into Hong Kong from other jurisdictions”.
Nautilus was incorporated in 1999, with a team of two, and has steadily grown through organic growth and acquisitions. It specialises in the establishment and management of offshore trusts and companies, and offers financial products and advice to clients in the various jurisdictions in which it operates.
To read an analysis of Hong Kong's recently-amended trust laws, by Nisha Singh, senior associate at Berwin Leighton Paisner, click here.
