The deVere Group Opens Shop in Cayman Islands

By Marc Castro

Apr 27, 2013 10:05 AM EDT

The deVere Group has recently announced the establishment of its regional office in the Cayman Islands as a signal to its presence in the area. The local company would be headed by long-time deVere executive Simon Pratt under the leadership of CEO Nigel Green.

The main office for the Caribbean operations of the deVEre Group Cayman Islands is on West Bay Road in Grand Cayman, right at the heart of the Cayman Central Business District.

The office would focus on insurance brokerage while at the same time delivering another promise to its distinguished clientele that the brand would be wherever they are in the world.

The final touches, according to Green would be finalized very shortly as the company is now in the process of obtaining its operating license in the Cayman Islands in the coming weeks. He said, "Until now, despite the Cayman Islands' attraction as a tax haven for wealthy individuals, few financial advisers have sought to base themselves in the British territory. For this reason, we believe that this venture will help us bridge the gap in the market, whilst keeping in line with the company's growth objectives."

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