Thursday, 25 April 2024
deVere CEO acquires UAE wealth adviser, Credence International
The CEO of one of an independent financial advisory organisations has acquired Credence International, a UAE-based wealth management and advisory company, it has been announced.
The CEO of one of an independent financial advisory organisations has acquired Credence International, a UAE-based wealth management and advisory company, it has been announced.
Nigel Green, the founder and chief executive 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.
This is the second acquisition made by Mr Green in as many weeks.
Credence International will remain an independent brand and continue to be operated by its chief executive, Chris Ferguson.
Nigel Green comments: "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, observes: "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."
Mr Green goes 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, Mr 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."
Re-disseminated by The Asian Banker
