deVere appoints Richard Glenn to newly created Group CFO role

deVere Group, one of the world’s largest independent financial advisory organisations, has today announced the appointment of Richard Glenn as Group Chief Financial Officer (CFO).

He joins from UAE-based wealth manager Credence International where he was the firm’s CFO for more than three years. Credence was recently acquired by deVere Group CEO, Nigel Green.

Mr Glenn, who starts his new role with immediate effect, will report directly to Nigel Green and the board of directors, and his primary focus will be the advisory side of the Group’s business model, with initial emphasis on the UAE operations.

He comments: “It’s a privilege to be joining deVere, one of the world’s best resourced and most forward-thinking financial advisory firms with a world-class reputation for its client-centric focus. It’s particularly exciting to join at a time when the organisation is implementing a dynamic and expansive growth strategy.

“I’m looking forward to overseeing the company’s financial management functions, including financial reporting, tax management, asset-liability management, treasury, corporate development, cost savings and revenue maximisation.

“I’m grateful for the opportunity and helping the existing teams drive deVere’s dominance of the industry further still.”

The role of Group CFO is a newly created one, with the responsibilities previously being undertaken by other senior board members and managers.

Of the appointment, Nigel Green says: “The creation of this CFO position represents a natural and positive evolution of executive responsibilities at deVere as we continually grow, develop and adapt to new market conditions and regulatory landscapes.”

He continues: “We’re delighted to welcome Richard as our incoming CFO. Given his strong financial background spanning more than 13 years and his proven leadership ability, Richard is well positioned to lead deVere’s established finance team.

“With his deep understanding of our marketplace and a growing understanding of our financial and business operations, as well as stakeholder expectations, we are fortunate to have such an experienced executive move seamlessly into the new CFO role and continue to implement our strategic priorities. I am looking forward to working closely with him.”

In late 2018 deVere Group launched its ambitious horizontal and vertical growth strategy.

Of this, the CEO said: “We continue to implement our strategic growth plans and will include further major acquisitions, senior level recruitment, and the roll-out of new and subsidiary brands. This will serve to further cement our dominant status within the international space.”

Author: Yash Hirani

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