Named to head up the new office, with the title of vice president, was Daniel Adams, a former partner of the deVere Group, who has been based in Moscow since 2007. He heads up an 11-member team, which includes five advisers.
According to Adams, demand for financial planning advice of a good standard is growing rapidly across Russia and Eastern Europe.
The new operation will look after expatriates living in Russia as well is in such nearby Eastern European countries as Kazakhstan, the Czech Republic and Poland, according to Globaleye chairman Tim Searle.
Searle said Moscow was chosen to be Globaleye’s regional hub because it is where many Russians and Eastern Europeans do their banking and attend to their investments.
Founded by Searle in 1999, Globaleye says it now has more than 10,000 clients globally, spread across the Middle East, Asia and Europe, and employs more than 350. Cities in which it has offices include Dubai, Abu Dhabi, Bangkok, Hong Kong, Kuala Lumpur, Shanghai, Singapore and Geneva.