deVere expands in Germany with new Munich offices; and more

Written by Oliver Wade

deVere expands in Germany with new Munich offices

deVere Group has expanded its deVere Germany brand even further by opening offices located near Marienplatz, in an operation that will be headed by Glen Crossfill.

The firm reported that it has been “prompted” to launch operations in Munich following Brexit.

Crossfill has said that the firm decided to expand further into Germany due to an “ongoing increase in demand from clients for our cross-border financial expertise and experience”. The group attributes much of this surge in demand to Brexit for two “key reasons”.

“First, it’s our experience that more and more expats, high net worth international investors, and German nationals who’ve been living overseas, are relocating to Munich - with many of them telling us this in in direct response to the UK’s decision to leave the EU,” Crossfill added.

“And second, many of these individuals are specifically seeking advice on certain specialist financial products, such as recognised overseas pension transfers, ahead of the official Brexit deadline of 29 March next year.”

Virgin Atlantic and Virgin Money launch new Flying Club Credit Cards

Virgin Money and Virgin Atlantic have launched two new credit card products that reward spending with thousands of air miles and additional seats or free premium upgrades.

Those who hold a Virgin credit card also benefit from free access to Virgin Money Lounges, including free refreshments and other facilities such as internet access, whilst also qualifying for additional exclusive offers from the Virgin Group.

Virgin Money chief executive Jayne-Anne Gadhia said: “We’re delighted to be launching the first products from our exciting new partnership with Virgin Atlantic, in a market that’s seen greatly reduced customer choice in recent years. Together we are offering customers an easy way to earn Flying Club miles and access to a brilliant range of Flying Club and Virgin Group benefits, all supported by the outstanding service customers expect from the Virgin brand.”

Fiduciam expands bridge lending operations to drive growth

Fiduciam has “kick-started” a rapid expansion drive, adding six additions to its bridging lending team since the beginning of the year, and is on track to lend £150m in 2018, a 200% increase over 2017.

Fiduciam director Johan Groothaert commented: “Whilst having an advanced technology platform, our focus remains on traditional values such as understanding our borrowers and working closely with them to find the right solutions. Such an approach pays off both for the borrowers and ourselves and has resulted in our zero default rate to date.”

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