In a statement announcing the new office, deVere said it plans to have as many as 50 advisers operating in India by the end of 2013.
The office is the advisory firm’s 67th, and gives it a foothold in a market that has often proved challenging for foreign companies to break into.
The new India branch will offer clients “a full range of personalised financial services as well as exclusive market-specific investment products”, according to the statement. It is located in Rajendra Place, which is close to a Metro station by that name.
Tyrone Skipper, who relocated from deVere’s Abu Dhabi office to head up the New Delhi outpost, said that the company was expecting a positive response to the arrival of deVere, both from high net worth local residents and expatriates living “throughout India”.
"My team and I look forward to making deVere India a success by providing clients who have trusted their finances with us the very best service we can deliver.
“Together, we are looking forward to assisting high net worth professionals here in India and providing them with best in market, personalised financial services that they can rely on," Skipper added.
DeVere Group divisional manager Steve Rigby added that deVere India will be offering the same services to its Indian clients that the rest of the company’s offices provide theirs with, but with a special focus on helping expatriates returning to India, and who may, for example, be coming back with a frozen overseas pension, or offshore investments.
"We will also offer specialist advice to international expatriates working in India who are looking for holistic financial planning advice, something extremely important in this age of financial uncertainty," Rigby added.
In an interview with International Adviser last year, deVere chief executive Nigel Green said the company currently has around 1,000 employees, including around 450 advisers, worldwide, with around $8bn in assets under advice.
