Richard Glenn has been named as group chief financial officer (CFO) and former Dimitris Litsikakis has been hired as the firm’s new global head of fintech.
Mr Glenn joined from UAE-based wealth manager Credence International where he was the firm’s CFO for more than three years.
Credence was recently acquired by deVere Group CEO, Nigel Green.
Mr Glenn, who starts his new role with immediate effect, will report directly to Mr Green and the board of directors, and his primary focus will be the advisory side of the group’s business model, with initial emphasis on the UAE operations.
He said: “It’s a privilege to be joining deVere, one of the world’s best resourced and most forward-thinking financial advisory firms with a world-class reputation for its client-centric focus.
“It’s particularly exciting to join at a time when the organisation is implementing a dynamic and expansive growth strategy.
“I’m looking forward to overseeing the company’s financial management functions, including financial reporting, tax management, asset-liability management, treasury, corporate development, cost savings and revenue maximisation.
“I’m grateful for the opportunity and helping the existing teams drive deVere’s dominance of the industry further still.”
The role of Group CFO is a newly created one, with the responsibilities previously being undertaken by other senior board members and managers.
Mr Green said: “We’re delighted to welcome Richard as our incoming CFO.
“Given his strong financial background spanning more than 13 years and his proven leadership ability, Richard is well positioned to lead deVere’s established finance team.”
Mr Litsikakis, said: “Fintech is truly revolutionising the way we deal with money and do business.
“Continuing to use its considerable resources, deVere has proven to be one of the global leaders in this exciting and burgeoning sector – and it’s a pleasure to be joining their teams across the world as we move ahead into the next chapter in the success story.”
He added: “I am looking forward to expediting current enhancements and developments to the product in order to further enhance the client experience.
“In addition to this, one of my first tasks will be looking at B2B opportunities and looking at other ways to differentiate this already much in-demand e-money app.”
Mr Green added: “We are delighted to welcome someone of Dimitris’ calibre, expertise and experience to the company to help us develop our financial technology propositions even further.
“Fintech is a major growth area of our business model – we understand and value that there is growing need and want for it in an increasingly globalised and digitalised world.”