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DeVere chief: ‘STM was the best of a bad bunch’

DeVere founder and chief executive Nigel Green said he bought a 24% stake in financial services group STM after struggling to find a good European provider to invest in, referring to the company as the “best of a bad bunch”.

DeVere chief: ‘STM was the best of a bad bunch’

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Poor recruiting and individuals leaving the firm with bad blood may have spurred ex-employees to criticise the firm, Green said.

He blames the internet for giving ex-employees a platform to vent personal grievances with deVere.

“You get all sorts of things on the internet don’t you, and that is what you are referring to.

“It is not something people have said to me directly, but they have certainly written it on the internet.

“The internet is interesting, it is like a graffiti wall, isn’t it, where you can write what you like on there,” Green said.

“I also, as a manager, give everything; so if somebody then walks away and I’ve really tried hard to help them, I do feel let down and perhaps I’ve let people know that sometimes,” he said.

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