The deVere Group is set to launch the Acuma wealth management operation into Hong Kong next week, as the first step in a planned roll-out across Asia.

Financial advisory firm deVere acquired Acuma, a Dubai-based wealth manager, in July this year for an undisclosed amount.

Acuma’s expansion will initially focus on the opening of an office in Hong Kong.

"However, we have far-reaching strategic plans and, moving forward, Acuma will operate across the highly regulated areas in the Asia Pacific region, where demand for expert, independent financial advice from expatriates and locally-based, globally-focussed investors is soaring," Nigel Green, deVere Group CEO wrote in his blog.

deVere has hired Simon Davies as new director of Acuma with responsibility of managing and developing the firm’s offering in Hong Kong.

Davies was earlier associated with Richmond Asset Management, where he was CEO and director, in addition to managing private clients.

deVere has more than 70,000 clients in more than 100 countries, with nearly US$9 billion in assets under advice.