According to a statement on its website, deVere has been granted an investment licence from the Financial Services Commission of Mauritius, and expects the bank to be “fully operational within a matter of weeks”.
It comes just six weeks after deVere launched its own private bank on the Caribbean island of St Lucia.
DeVere Group’s founder and chief executive, Nigel Green, said: “We’re thrilled to confirm that deVere now has its own investment banking licence.
“Following an exhaustive fact-finding mission to find the most suitable jurisdiction for us to enter into the investment banking sector, we had Mauritius at the top of our wish list.
“Mauritius has a robust international reputation, which is based on good governance, pro-business policies, legal expertise and an educated, English and French-speaking population.”
He added that deVere investment will become “an integral part of our global business”.
“Receiving our investment banking licence is another landmark moment in deVere’s ongoing success story.
“When we launched the private bank in January 1 said that it ‘further demonstrates our status as a leader in the global financial community.’ The investment banking licence, I believe, cements it,” Green said.