Consultancy WYG is expanding its international footprint as it prepares to open a new office in Shanghai in May.
The new office will be established in conjunction with the China Britain Business Council (CBBC), laying the foundations for the company’s ambition to leverage its international position to create greater geographical and end-market diversity.
WYG chief executive Paul Hamer said: “Whilst many of the world’s major economies continue to struggle to recover from economic contraction, China’s growth has been sustained and the economy grew 8.7% in 2009, the best performance of all major world economies.
“The new office in China further reinforces our international ambitions combined with the opening of overseas offices in Bosnia & Herzegovina and subsidiary companies in Croatia and South Africa.”
He added: “Shanghai is one of China’s largest and most influential cities for central finance and trade and is aiming to be a global finance hub and international shipping centre in the near future.
“This backdrop gives the new office the grounding for WYG to develop its services in the Shanghai region and across the growth markets of central and western China.”
The global consultancy operates in over 40 countries and last year reported that overseas revenue grew by £12.5M to £65.3M – a record for WYG.