British financial advisory firm deVere Group has announced plans to relaunch operations in Latin America under its Acuma deVere brand, beginning with an office in Mexico City.

According to a company spokesperson, the firm previously exited Mexico owing to recruitment issues that have now been resolved.

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deVere founder and CEO Nigel Green said: “The launch of Mexico City is another positive result of the Strategic Review we launched last year to see where we will focus our business model in the coming years.

“It is the first step in our plans to offer our financial advice across Latin America, having offices and teams of consultants in many of the region’s main financial hubs and major expat destinations.

“It’s part of our commitment to meeting our clients’ financial needs wherever they choose to live, work and/or retire.  We’re soon to be in every continent, except Antarctica.”

The new operation will be led by the firm’s senior area manager Aaron Vickery, who previously worked for deVere in Mexico. He will report to Green in the new role.

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“With already high demand and with it being on an upward trajectory, we will be looking to recruit some top financial advisers, and ambitious graduates who are looking to start a rewarding career, to join us,” Vickery noted.

Commenting on Vickery’s appointment, Green said: “Together with him being a talented wealth adviser and senior-level business manager, Aaron has an intimate personal and professional knowledge of this market, having lived and worked for many years in the region.  He is superbly-placed to know the financial opportunities and challenges that exist for expats, returning expats and international investors.”