deVere confirms acquisition of Gulf-based advisory firm, Acuma
Yesterday we officially confirmed the acquisition of Acuma, one of the most successful wealth management firms in the United Arab Emirates, after sealing the purchase deal late last week. Naturally, we are looking forward to welcoming Acuma’s 50-strong talented wealth professionals and support team into the growing deVere Group family and excited by the prospect of building on Acuma’s world-class reputation for providing a results-driven service for their clients. The Gulf region’s reputation as one of the world’s leading financial hubs means, and the fact that the strong demand from expatriates and international investors for our services shows signs it will increase more, it makes sense for our company to further develop its presence here. We have always been interested in acquiring dynamic, fully-authorised enterprises with huge promise and potential for growth, and Acuma certainly ticks all the boxes in this regard. In addition, Acuma’s established partnerships with other major financial corporations and its suite of products and services, such as real estate, will enable deVere to broaden its scope and investment portfolio still further, benefitting our clients and the advisers. 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. With this latest acquisition, the deVere Group is well placed to strengthen further its enviable reputation as the world’s largest independent financial advisory organisation. We have several brands within the group and Acuma is a strong brand of its own. Over the coming weeks and months we will look to expand the Acuma brand. It promises to be a very exciting summer.
Nigel Green deVere Group
Blog written 10th of July