(23 January 2016 – United Kingdom) Financial advisory organisation deVere Group has launched its own private bank following the acquisition of Arton Bank.
The private bank – which will be known as deVere Group Bank St Lucia – is set to be the first private bank to be owned by an independently owned financial advisory firm.
Nigel Green, founder and CEO of deVere Group, said thanks to the hard work of its teams across the globe it had been able to dominate the international advisory sector over the last 14 years.
“While we will continue to implement ambitious expansion plans for our financial advisory business and lead from the front in this arena, it is extremely exciting to also be entering the banking sector.
“deVere Group Bank St Lucia will allow us to further broaden our offering as a company.
“We are now able to directly provide private international banking services for our clients and corporate banking solutions to small businesses.”
He added that the move had been driven by demand from clients who were increasingly seeking asset and capital protection and growth combined with confidentiality.
“The convenience offered by our private bank will be a key advantage for our clients who are, typically, expats and international investors.
“With accounts offering centralised, secure, flexible and international access to funds, they are, naturally, a good option for those who live more internationally mobile and transient lives.