FM East Africa will be managed by Neil Ferguson who previously managed African operations for Lifecare International, Holborn Asset Management and Hansard International.
Managing director of the Cyprus-headquartered group, Martin Treanor, said: “This is an exciting development for the group and signals the beginning of our non-European expansion plans.
“By establishing a licensed advisory firm in Kenya, we are well positioned to benefit from the vibrant demand that exists locally, for professional independent advice.”
Regional manager Ferguson said he will begin a recruitment drive early in the New Year. He said: “I am confident [the company’s] client proposition will attract high caliber professionals who want to live and practice in this incredibly dynamic region.”
Meanwhile, the FM Group – which was created after Cyprus’s largest expat-centered advisory firms merged in February – has also said they intend to launch a firm in the Middle East.
Treanor has confirmed that they are actively researching the region to identify a suitable opportunity with the expectation to launch a business there early next year.
Last week, FAA Insurance Advisers was the third firm to merge with the group, creating an in-house sector specialising in international tax planning.
