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De Vere Group in Asia expansion with dual acquisition

The De Vere Group has acquired two adviser groups in Hong Kong and China as part of what it says will be a sustained expansion into the Asia region.

The firm has bought Hong Kong-based IFA firm Precision Group Asia and China-based investment adviser Elite, both for undisclosed sums.

De Vere says it expects demand for financial advice in Asia and Gulf regions will increase in future.

De Vere Group founder and chief executive Nigel Green says: “By purchasing Precision Group, we are able to offer both De Vere clients and prospective clients a better service. We are committed to building a stronger presence in Asia as well as the Gulf nations. These regions are seeing an increased demand for financial planning services from international investors and ex-patriates. We are committed to expanding our global reach.”

Elite executive directors Matthew Clark and David Hockley say: “We could not be more pleased to be able to work alongside Nigel Green and the De Vere group throughout this transition. We feel our existing team and skill set, coupled with De Vere’s global reach, will enable us to enhance what we currently offer.”

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