DeVere Group expands Qatar presence

Added 27th June 2016

Increasing client demand has seen deVere Group move to larger premises in the Qatari capital of Doha, as it looks to take on more financial advisers and support staff.

DeVere Group expands Qatar presence

Jason O’Leary, area manager of deVere Group Qatar, said: “Relocating to the larger premises has been driven by existing and growing demand for our specialist financial services in and around Doha.

“We are planning to recruit additional independent financial advisers, back-up, support and administration staff in order to cater to soaring client demand, as people are increasingly aware of the value of sound, truly independent financial advice to safeguard and maximise their wealth,” he said. 

“Indeed, plans are in place to take the current experienced team of 33 staff members to 65 during 2016/2017.” 

Expat advice seekers

O’Leary added: “Furthermore, despite declining oil prices in 2015, which has had a down turn in spending and rippled through a lot of sectors in Qatar and led to a number of expats leaving, there remains a significant number of expats looking to take advice on savings, investments, effective tax solutions and UK pension advice.

“In addition, the number of expatriates coming to Qatar continues to rise ahead of the 2022 World Cup.  It’s been reported that an extra 1.5 million expats are being drafted in to take on the numerous construction projects, including a new metro system and railway network over the next five years.” 

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About Author

Kirsten Hastings

Senior Reporter

Kirsten is a senior reporter for International Adviser, covering global news stories about the financial services industry. She joined Last Word Media in October 2015 after two years working as a reporter covering the staffing and recruitment industry. Kirsten has a Masters in Financial Journalism from the University of Stirling. 

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