The chief executive and founder of the deVere Group, Nigel Green, has acquired Credence International, a UAE-based wealth management and advisory company for an undisclosed amount.
DeVere is now the owner of Credence International, which has a 26-strong team at its offices in Dubai, but not Credence’s Australian division.
Credence International will remain an independent brand and continue to be operated by its chief executive, Chris Ferguson.
“I am confident that my investment in Credence International will be of great benefit to the company’s clients,” said Green. “Together, with the talented, high-quality team at the company, I will be proactive in pursuing material benefits for clients.
“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.”
International Adviser recently reported that Green’s company, the deVere Group, had acquired Prosperity, a financial advisory firm headquartered in Abu Dhabi.
Both purchases follow Green’s announcement at the start of the year that he was looking to make “major acquisitions” with the funds raised from the sale of deVere’s US business.
At the end of 2018, deVere announced it has agreed a deal to sell all its US operations to Hong Kong-based Brite Advisers for an undisclosed amount.
