Nigel Green, the chief executive of global wealth adviser deVere, has acquired Credence International, a UAE-based wealth management and Financial Planning business.

Mr Green, the founder and chief executive of deVere Group, this week visited the company and its 26-strong team at their offices in Dubai. The acquisition does not include Credence’s Australian division.

Credence describes itself as a boutique-style fund management, wealth management and Financial Planning firm providing discretionary portfolios.

It's the second acquisition in the UAE this month for deVere's Mr Green after acquiring Dubai-headquartered Prosperity and its 50-plus team earlier this month.

deVere says that Credence International will remain an independent brand and continue to be operated by its chief executive Chris Ferguson.

Mr Green said: “I’m thrilled to confirm the acquisition of Credence International, which is known for its robust core value of having a laser-like focus on delivering best outcomes for clients, thereby helping them to reach, and often exceed, their long-term financial goals.

“I am confident that my investment in Credence International will be of great benefit to the company’s clients. Together, with the talented, high-quality team at the company, I will be proactive in pursuing material benefits for clients.”

Credence International chief executive Chris Ferguson said: “We’re hugely excited by this development. This is a great opportunity for the business to expand and grow in many directions and on many different levels. The additional resources plus the experience, expertise and commitment of Nigel Green will help us maximise our full potential.

“We are looking forward to devising, implementing and managing a series of synergistic plans with Nigel.”

Further acquisitions by deVere are planned.