FM Group launches firm in Nairobi
By , 10 Dec 14
The FM Group has established a new advisory business in Nairobi to develop its regional presence in East Africa.
FM East Africa will be managed by Neil Ferguson who previously managed African operations for Lifecare International, Holborn Asset Management and Hansard International.
Managing director of the Cyprus-headquartered group, Martin Treanor, said: “This is an exciting development for the group and signals the beginning of our non-European expansion plans.
“By establishing a licensed advisory firm in Kenya, we are well positioned to benefit from the vibrant demand that exists locally, for professional independent advice.”
Regional manager Ferguson said he will begin a recruitment drive early in the New Year. He said: “I am confident [the company’s] client proposition will attract high caliber professionals who want to live and practice in this incredibly dynamic region.”
Meanwhile, the FM Group – which was created after Cyprus’s largest expat-centered advisory firms merged in February – has also said they intend to launch a firm in the Middle East.
Treanor has confirmed that they are actively researching the region to identify a suitable opportunity with the expectation to launch a business there early next year.
Last week, FAA Insurance Advisers was the third firm to merge with the group, creating an in-house sector specialising in international tax planning.
Tags: Expansion