DeVere launches private bank

Follows acquisition of Arton Bank

Victoria McKeever
clock • 1 min read

Independent financial adviser deVere has launched its own private bank, catering for private clients and small businesses.

The launch followed the acquisition of Arton Bank and forms part of deVere's wider expansion plans, the firm said. DeVere Bank St Lucia is understood to be the first private bank owned by an independent financial adviser.  DeVere said it wanted to provide its expats and international investors with flexible accounts offering international access to funds. "This move has been largely driven by demand from clients who are increasingly seeking asset and capital protection and growth, combined with confidentiality," said deVere chief executive Nigel Green. "DeVere Group Bank St Luci...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

SJP still working on historic advice review with charges overhaul given summer start date

SJP still working on historic advice review with charges overhaul given summer start date

Cost and efficiency programme continues

Jenna Brown
clock 24 April 2025 • 2 min read
Marlborough develops bespoke portfolio service for advisers' HNW clients

Marlborough develops bespoke portfolio service for advisers' HNW clients

Developed and headed up by Edward Kennedy

Isabel Baxter
clock 22 April 2025 • 3 min read
Shackleton launches personal injury division

Shackleton launches personal injury division

Facilitated by acquisition of IM Asset Management and TWP Wealth

Isabel Baxter
clock 22 April 2025 • 2 min read