deVere Group said, the new Cayman Islands office is expected to look after a high net worth clientele and is in the process of obtaining a license from the Cayman Islands Monetary Authority, which regulates financial services on the island.
To lead the new office, the company has appointed Simon Pratt, who has been with deVere since it was founded in 2002.
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deVere CEO, Nigel Green, said: "the plan is eventually to enter a number of other key Caribbean markets, such as the British Virgin Islands and Trinidad."
Based in Zurich, deVere has more than US$8 billion of funds under administration and management and over 60, 000 clients in over a hundred countries.
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