deVere Group announces regional expansion

The IFA will add 19 offices over the next 36 months, with further announcements to follow once licenses have been processed. deVere Group's 2009 opening of its Cairo office built upon the company's strong presence throughout the region, with offices already established in Dubai, Oman and Abu Dhabi.

Speaking from deVere Group's Middle East headquarters in Dubai, regional director Spencer Lodge explains the reason behind the aggressive expansion plans. "We feel the time is right to open these 19 new offices across these strategic markets in order to cement our position as the largest IFA and ensure our clients can expect the same continuity of service wherever they are globally. We have also been gradually increasing the size of all our offices in the region and this will continue. For instance we intend to double the size of our Dubai office within three years to over 170 personal finance professionals."

Lodge adds, "The recent economic downturn has clearly served to focus the minds of many when it comes to planning their personal finances and this has contributed to the 5,000 new clients we took on in 2009 throughout the Middle East."

"The expansion demonstrates our commitment to the region and will strengthen the company's position throughout Mena and surrounding countries, helping us achieve our ultimate goal of complete global coverage," he says.

The majority of the 300 jobs created will be for investment coordinators and investment consultants and deVere has already begun its recruitment process.

With in excess of $7bn of funds under administration and management, deVere has more than 50,000 clients in over 100 countries.