The company said, due to “current and anticipated client demand”, it plans to increase its support and administrative staff based in Malta by 28%. In addition, it said it will “implement pioneering new technologies” starting form the first quarter of this year.
DeVere’s chief operating officer, Beverley Yeomans, said: “Driven by continually increasing client demand for our services and a series of strategic acquisitions, 2013 was a year of remarkable growth for deVere. With further far-reaching expansion plans already in place for this year, we expect this strong upward trend to continue and develop further in 2014.
“To stay on top of this current and expected demand, to ensure we’re able to consistently offer world-class support to our wealth management professionals across the world, and to meet growing clients’ expectations, we’ve committed to increasing our administrative and support staff by more than 28%”.
Yeoman added this increase will see its headcount rise from 140 to 180 over the course of 2014.
The expansion of deVere’s Maltese administrative hub follows a busy year for the company. In 2013, the Nigel Green-led advisory firm made a number of acquisitions across the globe. This includes, but not exhaustively, Broadgate Investment Advisory Services in Thailand, Elite Investment Group in Shanghai, Precision Group Asia in Hong Kong and Acuma in the Middle East.
