The deVere Group is to expand its operations into and across Latin America under its Acuma deVere brand.
International Investment can reveal that deVere Group, under the Acuma deVere brand, is to launch imminently in Mexico City ahead of a major push throughout the region. The expansion means that the global advisory and financial services giant will soon have a significant outpost in every continent, except Antarctica.
Recently-appointed senior area manager, Aaron Vickery, who returns to deVere for the second time in his career, will head the Mexico City operation and will report directly to the deVere Group’s founder and CEO, Nigel Green.
Vickery has previous experience of the market having worked in Mexico before for the organisation, before heading to the Middle East to work for Guardian Wealth Management, the company said.
According to a deVere Group spokesperson, deVere previously withdrew from the Mexico market many years ago due to “recruiting issues”, which have now been addressed and overcome.
“It is an entirely new operation today,” the spokesperson said.
DeVere Group CEO Green, pictured below left, said that he was “absolutely delighted” to welcome Vickery back to the fold.
“The highly ambitious plans we have for the region are being driven by an ongoing and growing client demand for our specialist cross-border financial advice.
“Together with him being a talented wealth adviser and senior-level business manager, Aaron has an intimate personal and professional knowledge of this market, having lived and worked for many years in the region.
“He is superbly-placed to know the financial opportunities and challenges that exist for expats, returning expats and international investors.”
Vickery said that it is “great to be back” within the deVere organisation. “It’s an organisation that has a proactive, can-do, client-focused culture, with a commitment, and also the necessary resources, to having the highest level business practices,” said Vickery.
“On a personal level, it’s fantastic to be back in a part of the world that I’m passionate about and know very well.
“Professionally, it’s great to be in Mexico City in our industry now. It’s one of the world’s most important financial hubs and projected to be in the top ten largest economies by 2030, ranking higher than the UK, Saudi Arabia and Canada.”
Latin America expansion
Vickery said that the company was looking to take advantage of a Latin American economy that is forecast to grow at a steady rate over the next five years. This is fuelling demand for financial advice from the many Latin Americans around the world who are returning here.
“It is attracting foreign firms, expats and international investors to Mexico who all benefit from our unrivalled experience in internationally-focused financial advice,” added Vickery.
“With already high demand and with it being on an upward trajectory, we will be looking to recruit some top financial advisers, and ambitious graduates who are looking to start a rewarding career, to join us.”
Green added that the launch of Mexico City is another “positive result” of the company’s Strategic Review, launched last year to see where deVere will focus its business model in the coming years.
“It is the first step in our plans to offer our financial advice across Latin America, having offices and teams of consultants in many of the region’s main financial hubs and major expat destinations,” said Green. “It’s part of our commitment to meeting our clients’ financial needs wherever they choose to live, work and/or retire. We’re soon to be in every continent, except Antarctica.”