A growing need for specialist cross-border financial advice prompted independent financial advisory firm deVere Group to launch its first office in the Italian capital of Rome, the company said on Monday.
The group already has an office in Milan, which it opened in 2011 to serve expats and international investors.
Plans are also being made to expand existing bases in France, Spain and Switzerland within the next few months, deVere has confirmed.
The new Rome office will be run by Mark Croucher, who will report directly to deVere Italia area manager Colin Eldridge and senior area manager of deVere Switzerland, Italia and Austria, Paul Dodds.
Croucher has more than 30 years of experience in financial services, 18 of those being in the international sector, having held senior positions with Towry Law International, Holborn Assets in South Africa and RL360 in the Middle East.
Eldridge said client demand for cross border financial services is increasing throughout Italy, and the time was right to launch an office in the Italian capital.
“Brexit is, we believe, directly responsible for much of this increasing demand in Italy and elsewhere in Europe as more and more people and corporations head to the continent, with many of them keen to seek advice on certain specialist financial products ahead of the official Brexit deadline next March.
“We will be using our considerable resources to meet this growing client demand across Europe by expats, international investors and high net worth and local mass affluent individuals.”
The announcement of deVere’s launch in Rome follows the firm opening in Munich in April, the Austrian capital Vienna in August, Portugal’s Algarve in October and Madrid in May 2017.