Independent financial advisory organisation, deVere Group, has received an investment banking licence.
deVere’s Investment bank is licensed and regulated by the Financial Services Commission of Mauritius. It is expected to be fully operational within a matter of weeks.
The investment banking licence comes just six weeks after deVere launched its own private bank, deVere Group Bank St Lucia, the first private bank to be owned by an independently-owned financial advisory firm.
deVere Group’s founder and CEO, Nigel Green, comments: “We’re thrilled to confirm that deVere now has its own investment banking licence.
“Following an exhaustive fact-finding mission to find the most suitable jurisdiction for us to enter into the investment banking sector, we had Mauritius at the top of our wish list. Mauritius has a robust international reputation, which is based on good governance, pro-business policies, legal expertise and an educated, English and French-speaking population.”
He continues: “After 14 years of having the market-leading position within the international advisory sector, and continuing to do so with an ambitious growth strategy this year and next, I believe we are best-placed to know the needs and wants of expat and international investor clients.
“This investment banking licence will, of course, allow us to further meet these evolving needs and wants by enabling us to develop and provide new, specialist and innovative financial products and services to help our clients achieve their long-term financial goals.
“Like our recently announced private bank, deVere Investments will become an integral part of our global business and will, naturally, have a laser-like focus on delivering an unrivalled, results-driven service for our clients.”
Nigel Green concludes: “Receiving our investment banking licence is another landmark moment in deVere’s ongoing success story. Many would be satisfied with the world-class international advisory organisation and the private bank, but at deVere we constantly seek to develop and grow our business inline with client demand.
“When we launched the private bank in January I said that it ‘further demonstrates our status as a leader in the global financial community.’ The investment banking licence, I believe, cements it.”