The deVere Group's founder and chief executive Nigel Green has confirmed that he has acquired Acuma, the Dubai-headquartered wealth management firm. 

Green was officially presented as Acuma's new owner to the firm's 50-strong team at the entity's headquarters in Dubai earlier in the month.

Speaking about the opportunities that the buyout offers the deVere Group, Green, who admits he is "always interested in purchasing dynamic, potential-filled, fully-authorised enterprises", said that the latest move by deVere represents an important next stage in the firm's far-reaching corporate growth plans.

"As we have stated previously, we're determined to further increase our presence in regions such as the Gulf, where demand for sound financial planning advice from international investors and expatriates is continually increasing. This acquisition helps us to fulfil that commitment to strengthening our position as a truly global financial advisory corporation," said Green.

"In addition, Acuma's established partnerships with other major financial institutions and its suite of products and services, such as real estate, will empower deVere to further broaden its scope and investment portfolio, benefitting our clients and the advisors," added Green.

In other recent developments, earlier in the year the deVere Group opened a new office in the Cayman Islands, on West Bay Road in Grand Cayman, in the heart of the Cayman Islands' financial industry.  

Founded in 1999, Acuma's headquarters are in Dubai with a satellite office in Abu Dhabi. It is licensed by both the Central Bank of the United Arab Emirates and the UAE Ministry of Economy.