DeVere Group Eyes Gulf Market Post Acuma Buyout

DeVere Group CEO believes that the acquisition of Acuma, a UAE-based wealth management firm, will help further their presence in the Gulf market.



DeVere, the independent financial consultancy firm, has confirmed its acquisition of UAE-based wealth management firm, Acuma.

Nigel Green, founder and chief executive of the deVere Group, was presented formally to the 50-member team at Acuma’s Dubai headquarters last week following the deal’s finalisation.

“I’m thrilled to announce the acquisition of Acuma, one of the Gulf region’s most highly respected advisory companies. 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,” said Green.

The head of the largest financial consultancy for expatriates and global investors said that this latest acquisition represents the next stage in the company’s growth plans.

“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 fulfill that commitment to strengthening our position as a truly global financial advisory corporation,” said Green.

“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.”

Acuma chief executive Kevin Thorp said: “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.”

Founded in 1999, Acuma is headquartered in Dubai with a satellite office in Abu Dhabi. The UAE-based financial advisory is licensed by both the Central Bank of the UAE and the UAE Ministry of Economy.