DeVere launches private bank

Follows acquisition of Arton Bank

Victoria McKeever
clock • 1 min read

Independent financial adviser deVere has launched its own private bank, catering for private clients and small businesses.

The launch followed the acquisition of Arton Bank and forms part of deVere's wider expansion plans, the firm said. DeVere Bank St Lucia is understood to be the first private bank owned by an independent financial adviser.  DeVere said it wanted to provide its expats and international investors with flexible accounts offering international access to funds. "This move has been largely driven by demand from clients who are increasingly seeking asset and capital protection and growth, combined with confidentiality," said deVere chief executive Nigel Green. "DeVere Group Bank St Luci...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Companies

Canaccord Wealth acquires EFG's wealth business

Canaccord Wealth acquires EFG's wealth business

Snaps up £3.1bn AUM EFG Harris Allday

Isabel Baxter
clock 19 August 2026 • 2 min read
Octopus defends £3bn IHT scheme as scrutiny intensifies over lending disclosure

Octopus defends £3bn IHT scheme as scrutiny intensifies over lending disclosure

Criticism of transparency on Fern Trading lending activities

Isabel Baxter
clock 18 August 2026 • 4 min read
Openwork's 2Plan finishes compensating clients after putting £1m aside

Openwork's 2Plan finishes compensating clients after putting £1m aside

Eventual redress bills for ongoing service and rebalancing issues below original provisions

Isabel Baxter
clock 14 August 2026 • 2 min read