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South African Tribunal Overturns Ruling Against Wealth Manager to UK Expats

Nigel Green

Nigel Green

Source: Nigel Green

A South African tribunal has overturned a ruling by the nation’s financial watchdog barred the head of one of the biggest advisers to British expatriates from working in the country.

DeVere Group’s Chief Executive Officer Nigel Green, was fined 2.5 million rand ($147,000) in May for breaching various financial sector laws, the country’s Financial Sector Conduct Authority said at the time. Green was also debarred from “rendering financial services” within the country for five years.