One of the world’s largest independent financial advisory and services organisations is to develop a major digital finance operation from Dubai, confirms its CEO and founder.
deVere Group’s Nigel Green made the announcement on Wednesday as the world readjusts to a post-pandemic new normal.
Mr Green comments: “The world has changed forever in the last few months, the market has changed and client expectations have changed.
“Much of this is being driven by new technologies and the rapid pace of the digitialisation of our lives, including our financial lives.
“It was a trend that was happening pre-pandemic, but which has been massively accelerated because of it.
“Indeed, this new decade is being reshaped more rapidly and more dramatically than any other.
“To meet these fundamental shifts, we’re developing and building a major digital financial organisation from Dubai.”
There are, says Nigel Green, three main drivers why Dubai has been chosen for this by the organisation that does business in 100 countries worldwide.
“First, we already have had for more than 15 years a considerable footprint in Dubai and across the UAE, with many teams of highly talented individuals.
“Second, Dubai, which is already recognised as one of the most important financial centres in the world, can be expected to become one of the world’s top ten international financial hubs to rival and more aggressively compete with the likes of London, New York and Hong Kong.”
He adds: “Dubai is helped in this regard by having an independent regulator, an independent judicial system, a global financial exchange, a stable, pro-business government, a high proposition of high net worth individuals, a dynamic business community, world-class infrastructure, superior digital and telecommunications networks, English as its de-facto business language, and its enviable geographical location and time zone.
“And third is Dubai’s passion for and expertise in innovation. We’ve seen this in real-time as the emirate diversified from oil to become a truly global leader in trade, transportation, finance, tourism, retail and real estate.
“This is exemplified by Expo 2020 Dubai’s theme, ‘Connecting Minds, Creating the Future’; as well as Sultan Al Mansoori, the UAE Economy Minister, saying recently that the new economy will now be built around digital.”
The deVere CEO says that the Dubai-based digital financial organisation will consolidate and “significantly further develop and expand” the organisation’s pioneering global Contactless Finance service and its world-leading fintech apps, which allow people to access, use, save, invest and manage their money 24/7, on-the-go, anywhere in the world.
Nigel Green concludes: “Our new Dubai-based model is designed for the new world with, as always, the client experience, and expectations and outcomes front and centre of mind.”