DeVere CEO acquires Credence International, UAE wealth adviser

DeVere CEO acquires Credence International, UAE wealth adviser

Nigel Green, the CEO of deVere Group, has announced the acquisition of Credence International, a UAE-based wealth management and advisory company.

Green, who is also the founder of deVere Group, was today presented as the new owner of Credence International to the 26-strong team at their offices in Dubai. The acquisition does not affect Credence's Australian division.

The acquistion follows deVere's buyout of Dubai-based Prosperity two weeks ago.

Credence International will remain an independent brand and continue to be operated by its chief executive, Chris Ferguson.

Green commented: "I'm thrilled to confirm the acquisition of Credence International, which is known for its robust core value of having a laser-like focus on delivering best outcomes for clients, thereby helping them to reach, and often exceed, their long-term financial goals.

"I am confident that my investment in Credence International will be of great benefit to the company's clients. Together, with the talented, high-quality team at the company, I will be proactive in pursuing material benefits for clients."

Credence International CEO, Chris Ferguson, said: "We're hugely excited by this development. This is a great opportunity for the business to expand and grow in many directions and on many different levels. The additional resources plus the experience, expertise and commitment of Nigel Green will help us maximise our full potential.

"We are looking forward to devising, implementing and managing a series of synergistic plans with Nigel."

Green went on to say: "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."

At the beginning of the year, Green said he had an "ambitious vertical and horizontal growth strategy for 2019 and beyond."

At the announcement of the previous acquisition, he noted: "We're uniquely positioned to pursue this robust and far-reaching plan - which includes further acquisitions, the launch of additional subsidiary brands, plus new product and fintech developments - due to our already dominant position in the sector."

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Christopher Copper-Ind

Christopher Copper-Ind is editor-in-chief of International Investment. Before this, he was editorial director of The Business Year, from 2014 to 2017.