Financial advisory firm deVere Group has expanded its footprint in Italy by opening offices in Rome.

The move is in response to meeting the increasing demand for specialist cross-border financial advice, deVere said.

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The new operations will be headed by Mark Croucher, who will report to deVere Italia area manager Colin Eldridge and deVere Switzerland, Italia and Austria senior area manager Paul Dodds.

Croucher’s financial services career of more than three decades also includes stints in senior roles at Towry Law International and Holborn Assets in South Africa, and RL360 in the Middle East.

Commenting on the development, Eldridge said: “With client demand for our cross border financial experience increasing throughout Italy, and particularly in the Rome area, the time is right to launch an office in the Italian capital.

“Brexit is, we believe, directly responsible for much of this increasing demand in Italy and elsewhere in Europe as more and more people and corporations head to the continent, with many of them keen to seek advice on certain specialist financial products ahead of the official Brexit deadline next March. We will be using our considerable resources to meet this growing client demand across Europe by expats, international investors and high net worth and local mass affluent individuals.”

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Besides Rome, deVere also has offices in Milan from where it serves expats and global investors across Italy.

At the same time, the company is planning to expand its existing bases in France, Spain and Switzerland within the next few months.

The move to set up operations in Rome follows deVere’s office launches in Munich, Portugal, Austria, and Madrid.