Independent financial advisory organization deVere Group announced on Wednesday it is set to develop a major digital finance operation from Dubai. CEO and Founder of the deVere Group, Nigel Green, confirmed the news by stating that in order for him and his team to meet the financial shifts caused by the COVID-19 pandemic, they are developing and building a major digital financial organization from Dubai.
“The world has changed forever in the last few months, the market has changed and client expectations have changed. Much of this is being driven by new technologies and the rapid pace of the digitalization of our lives, including our financial lives. It was a trend that was happening pre-pandemic, but which has been massively accelerated because of it. Indeed, this new decade is being reshaped more rapidly and more dramatically than any other.”
Green further revealed why Dubai was selected:
“First, we already have had for more than 15 years a considerable footprint in Dubai and across the UAE, with many teams of highly talented individuals. Second, Dubai, which is already recognised as one of the most important financial centres in the world, can be expected to become one of the world’s top ten international financial hubs to rival and more aggressively compete with the likes of London, New York, and Hong Kong. And third is Dubai’s passion for and expertise in innovation. We’ve seen this in real-time as the emirate diversified from oil to become a truly global leader in trade, transportation, finance, tourism, retail, and real estate.”
Green then concluded that the Dubai-based digital financial organisation will consolidate and “significantly further develop and expand” the organization’s global Contactless Finance service and its fintech apps.