The founder and chief executive of the world’s largest independent financial advisory organisation has confirmed that he has acquired Acuma, one of the most successful wealth management firms in the United Arab Emirates.
The deVere Group’s Nigel Green was officially presented as Acuma’s new owner to the firm’s 50-strong team at the entity’s headquarters in Dubai yesterday morning, after the deal was finalised on Friday.
“I’m thrilled to announce the acquisition of Acuma, one of the Gulf region’s most highly respected advisory companies,” Green said.
“We’re enthused by the prospect of building on Acuma’s world-class reputation and we’re looking forward to welcoming the company’s talented wealth professionals and support team to the deVere Group family. We’re fully committed to investing our time and resources so that they can do even more of what they do best – helping clients achieve their long-term financial objectives.”
Speaking about the opportunities that the buyout offers the deVere Group, the new proprietor, who admits he is “always interested in purchasing dynamic, potential-filled, fully-authorised enterprises,” comments: “The move represents an important next stage in deVere’s far-reaching corporate growth plans.
“As we have stated previously, we’re determined to further increase our presence in regions such as the Gulf, where demand for sound financial planning advice from international investors and expatriates is continually increasing. This acquisition helps us to fulfil that commitment to strengthening our position as a truly global financial advisory corporation,” he added.
“In addition, Acuma’s established partnerships with other major financial institutions and its suite of products and services, such as real estate, will empower deVere to further broaden its scope and investment portfolio, benefitting our clients and the advisers.”
“The strength and security that the deVere Group provides will further enhance the opportunity for our clients. We look forward to partnering with the deVere Group and remain committed to continuing to deliver the same highest standard of service and advice you have come to know and expect from Acuma,” Acuma’s chief executive, Kevin Thorp, said.
Founded in 1999, Acuma’s headquarters are in Dubai with a satellite office in Abu Dhabi. It is licensed by both the Central Bank of the United Arab Emirates and the UAE Ministry of Economy.
The Acuma acquisition is the latest in a series of key announcements from the deVere Group. Two weeks ago, former director of Generali International and widely respected industry visionary, Peter Hobbs, was appointed as a non-executive director of the organisation.