UK-based independent financial advisors and brokers deVere & Partners Group has furthered its expansion plans with the launch of a new office in Germany and the announcement that it is to relocate its Heathrow office to central London.

The firm’s new Hamburg office forms part of plans to offer its financial services worldwide, and was launched to meet the growing needs of expatriates and international investors working in the city and surrounding areas, deVere said in a statement.

deVere has already launched offices in Frankfurt and Munich, and Hamburg was targeted by the firm due to its high concentration of enterprises and the fact that the city has the highest GDP in Germany.

“We are committed to building a strong, reachable, on the ground presence in the north of Germany, where the expatriate community continues to grow at a substantial rate,” said Mike Coady, regional manager - Western Europe.

The new London office, meanwhile, is accompanied by significant recruitment targets: deVere is planning to recruit an additional 20 IFAs over the next six months to join a team which will focus on serving existing clients repatriating to the UK, as well as the city’s international residents.

“While it has been paramount for us to establish a local presence for our clients in new regions throughout the world, it is equally important to service our clients here in the UK,” Mr Coady said.

deVere has already made several moves to expand its operations and build on its distribution capabilities this year, having bought Programmes for Wealth, Financial Partners’ Japanese client base and other smaller international IFA businesses around the world.

The firm is now present in Abu Dhabi, Brussels, Dubai, Geneva, Hong Kong, Johannesburg, London, Mexico, Moscow, Shanghai, Tokyo and Zurich, and has over $7 billion in funds under administration and management.