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DeVere conduct brought into question overseas

Last month DeVere Group’s conduct was called into question by a heavily critical spoof website popping up using similar branding, only to be shut down after the global advisory firm said it would take legal action.

Mike Coady, managing director of DeVere UK, recently told FTAdviser during a video interview on the subject: “Sometimes you work in jurisdictions where, perhaps, they don’t necessarily have such a comprehensive regulator.

“The rules for what you do in terms of ex-patriot advice or guidance aren’t perhaps as clear as they are in mature, domestic markets.

“It is something that we have to commit a considerable amount of resource to and hope to get right 95 per cent of the time but inevitably sometimes you do make mistakes.”

peter.walker@ft.com