DeVere Group has raided rival IFA firm Guardian Wealth to appoint a new manager within its Abu Dhabi office and is planning a major expansion in the Middle East, with the addition of up to 20 new advisers in the region throughout 2018.
DeVere chief executive and founder Nigel Green, pictured above, revealed the company’s expansion plans to International Investment while at the same time confirming the return to the deVere fold of John Green, who left the company in 2015 to join Guardian Wealth as a branch manager in its Abu Dhabi office.
“Our [Middle East] expansion plans include recruiting up to 20 new advisers in the region over the next 12 months to meet demand for our specialist advice,” said Green. “We are delighted to welcome someone of John’s calibre back to our team in Abu Dhabi. He is one of the most talented advisers in the international space and our clients will again benefit from his expertise and experience.
“John will manage a team and assume a senior role within deVere as we continue to expand in the region,” he added.
Nigel Green is currently heading the company’s Middle East operation. As reported, David Hughes stepped down as regional director of deVere Acuma after two years in the role and more than a decade with the deVere Group.
Guardian Wealth CEO David Howell told International Investment that he wished John Green “the best of luck” on his return to deVere.
“Nigel Green has offered him a great position there,” said Howell. “Things have changed at deVere since he left [in 2015] so he has decided to return. We wish John the best of luck.”
“We have some great candidates within our team but we will take our time to make the change
The ezine includes an exclusive video interview with DeVere’s CEO Nigel Green as well as five further video reports with the industry’s key players.
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