News

deVere acquires second UAE wealth advisor

AcquisitionUK-based independent financial advisor (IFA) deVere has acquired another UAE-based wealth advisor just two weeks after buying Abu Dhabi-based Prosperity. Credence International has a 26-strong team based in Dubai which is now under the ownership of deVere founder and chief executive Nigel Green. The financial terms of the purchase were not disclosed although it was noted that the deal does not affect Credence’s Australian division. Credence International will remain an independent brand and will continue to be operated by its chief executive, Chris Ferguson. “The additional resources plus the experience, expertise and commitment of Nigel Green will help us maximise our full potential,” said Ferguson. Green added: “These are exciting times within the international advisory industry as companies of all sizes need to develop in order to meet evolving client expectations, market trends and regulatory requirements.” ©2019 funds global mena

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