The financial advisors at deVere Group are launching their own private bank in the U.K. aimed at SMEs and international clientele. The company said Monday (Jan. 23) that it is launching its own private bank, deVere Group Bank St Lucia, and is reportedly the first private bank to be owned by an independent financial advisory company. In a statement, deVere Group Founder and CEO Nigel Green said the bank will help the firm expand its offerings. “We are now able to directly provide international banking services and corporate banking solutions to small businesses,” the executive said, adding that the decision to launch its own bank was a response to growing demand from their clients. Read more: pymnts.com
