The Bulawayo office in Zimbabwe’s second city is in addition to the presence it established in the capital, Harare, in September 2010.
DeVere also said that it intended to “expand further in this region, firstly into the Victoria Falls area”.
Area manager Shane Helberg will oversee a team of four in Bulawayo, who will work with nearly 30 staff in Harare.
Helberg said: “Due to an already strong client base and also a growing community of high-net-worth Zimbabweans and expats, Bulawayo was a logical place in which to open an office.”
He added that the headcount in both offices was set to increase “imminently in order to meet the ongoing client demand”.
Nigel Green, chief executive of deVere Group, said the move represented the next strategic step in expanding its presence across Africa.
“Bulawayo is a major industrial and transport hub that looks destined to attract serious investment over the coming years – and with this will, in turn, bring many more international investors and expatriates who will, it can be reasonably assumed, need our expert cross-border financial advice”, he said.
Other companies in the financial services sector to recently report an increased presence in Africa include VAM Funds, which appointed former Alquity director Simon Smith as its business development manager for Africa, and Skandia’s naming of Matthew Firman as area manager for Africa.
