FintekNews is pleased to offer our weekly feature column 3 Questions. Each week, we feature a thought leader within a unique sector of fintech and ask them to answer just 3 questions for our audience in their vernacular. This week, we’d like to introduce you to Nigel Green, CEO of deVere Group, one of the world’s largest independent financial services organisations.
NAME: Nigel Green
COMPANY: deVere Group
WEB ADDRESS: www.deVere-group.com
How did you personally become involved in fintech?
I’ve been in the financial services industry ever since I can remember. In 2002, I saw a niche in finance and decided to put the knowledge I had gained over the course of my earlier career to good use and founded deVere Group – an international advisory firm that today has over $10 billion in assets under management from clients in 100 countries.
As the years progressed, it became clear that personalised financial advice combined with easy to use, on-the-go tech solutions were the way forward. It makes sense.
This move brought deVere Group to the forefront of financial innovation, where we managed to fuse investment planning and financial freedom with internet and mobile applications, making life easier for all who use our products and services.
I’ve also been paying attention to the burgeoning cryptocurrency industry, as I believe cryptocurrencies are the future of money. So much so that earlier this year, we launched our own intuitive trading app, deVere Crypto, which I’m happy to say has delighted our clients.
What does your firm do/offer within the fintech sector?
We’ve recently launched mobile apps to complement our financial advisory services.
Continuing on my prior comments, financial freedom is also a top priority both from a business and personal point of view. To make this a reality, we launched deVere Vault.
deVere Vault, meets a growing need in an increasingly globalised world for our clients to have hassle-free, borderless access to and use of their money, without excessive exchange rates.
Our accounts benefit our clients as deVere Vault is a global currency application with 27 major currencies that provides services in e-money as well as in a single, multi-currency, Mastercard Prepaid card.
We have broken away from traditional banking, which typically charges excessive overseas fees. We created an innovative service that accommodates client expectations in today’s increasingly digital and interconnected world. This means providing an intuitive product that is fast, transparent and easy-to-use.
Reacting to the unrelenting tide of technological progress and the market forces that drive it, we’ve also entered the cryptocurrency universe. Our deVere Crypto app offers users the chance to invest in a select number of the major cryptocurrencies like Bitcoin, Ethereum and Ripple with ease and the prospect of high liquidity.
What area/s of fintech do you believe will grow the most in the coming 5 years?
Without a doubt, cryptocurrencies are a prime area of growth. This is because the world needs digital, global currencies in a digitalised, globalised world. Also partly because they currently represent less than 1 per cent of the world’s GDP – a low number in comparison to the revolutionary implications surrounding blockchain technology, which underpins most of the major currencies.
At the same time however, no serious investor or CEO can let enthusiasm take over his or her faculties of reason, which is why we always advocate a diversified, multi-asset portfolio that accounts for a multitude of factors in various markets.
And since cryptocurrencies are still in their early stages, somewhat speculative, and highly volatile, I always still urge caution and diversification.
deVere CEO, Nigel Green, founded deVere Group in 2002 from a single office in Hong Kong after discovering a niche market in the financial services sector for globally-minded investors. Since then, it has grown to become one of the largest independent financial advisory organizations in the world, doing business in more than 100 countries.