deVere Group, a global IFA, and the UK Association of Investment Companies, has expanded its presence in Germany with new office in Munich. The Munich operation will be headed by Glen Crosfill, area manager, who has moved from Dubai, where he held a similar role within the organisation for seven years. He will report directly to Nicholas Grams, deVere Germany’s country manager.
Crosfill commented: “Due to an ongoing increase in demand from clients for our cross-border financial expertise and experience, we have taken the decision to open office in Munich. Previously, we had been serving existing Munich-based clients from our hub in Frankfurt.”
“We attribute much of this surge in demand to Brexit for two key reasons. First, in our experience that more and more expats, high net worth international investors, and German nationals who’ve been living overseas, are relocating to Munich – with many of them telling us this in in direct response to the UK’s decision to leave the EU.
And second, many of these individuals are specifically seeking advice on certain specialist financial products, such as recognised overseas pension transfers, ahead of the official Brexit deadline of 29 March next year”, he added.
The announcement of deVere’s launch in Munich follows the firm opening offices in Madrid, Vienna and Portugal last year. Plans are also being made to expand existing bases in France, Italy, Spain and Switzerland within the next few months.
In an exclusive video interview to InvestmentEurope‘s sister publication International Investment, James Green, Divisional Manager for deVere Group in Western Europe talks about the company’s forthcoming European expansion plans.