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FINANCIAL NEWS
deVere acquires UAE’s Acuma
14 Jul 2013
(MENAFN) deVere Group, the world’s largest independent financial advisory organization, has acquired Acuma, a UAE-based wealth management firm, Arabian Business reported.
The deVere Group’s founder and CEO, Nigel Green, has been officially presented as Acuma’s new owner to the firm’s 50-strong team after the deal was finalised last week, a statement said.
deVere Group has over USD9 billion of funds created by 70,000 active clients in over 100 different countries, according to its website.
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 UAE and the UAE Ministry of Economy.
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