deVere E-Money appoints new CEO

deVere Group, one of the world’s largest independent financial advisory and fintech organisations, has appointed a new CEO to lead its growing electronic money brand.

Dimitris Litsikakis will take over with immediate effect as chief executive of deVere E-Money from Nigel Green, the founder and CEO of the deVere Group of companies. Mr Green retains 100% of the shares and remains on the Board of deVere E-Money.

Before this appointment, Mr Litsikakis was Global Head of Fintech at deVere Group for two and a half years. He joined deVere after a year with Revolut, and previous to that a 15-year career with other fintech companies at a senior level.

In his new role, he will be responsible to oversee all the company’s operations and business activities, including long and short-term business strategies and plans.

He says: “I’m delighted to be taking on the CEO position at a time when digital-only banking is beginning to reshape the entire sector on a global scale.

“The future of banking is digital – fintech has already redefined the way we deal with money – and deVere E-Money, an agile, ambitious, tech-focused company, is at the forefront of the industry.

“We will develop and grow our existing offerings and will expand our proposition further. Our plans include imminently launching a corporate banking feature for businesses that require advanced banking tools that automate their operations and reduce costs and fees.”

Of the appointment, Nigel Green notes: “I’m delighted that someone of Dimitris’ remarkable skill set, expertise and experience is taking the CEO role as we move to use our resources to further dominate digital banking and meet growing demand and evolving client expectations.

“deVere E-Money aims to be a trusted partner of its clients by delivering world-class fintech solutions, including deVere Vault.

“Our mission is to help our clients spend, receive, send, pay and hold money in no less than 27 currencies for less.

“We know our clients increasingly think of themselves as global citizens and, as such, they want borderless, instant, 24/7 access to, use and management of their money wherever they are in the world. This is what we offer.”

He adds: “Dimitris’ appointment will also give me the space and time to push ahead in other key areas of growth and development of the deVere Group of companies, which now includes almost 100 entities.”

Earlier this month, the results from a deVere Group global poll of more than 550 millennial clients (those born between 1980 and 1996) show that 59% of those surveyed already only ever use digital banking services or are planning to make the switch to do so this year.

Of that poll, Nigel Green noted: “Mobile-first millennials expect easy, immediate access and control of their finances in the palm of their hand. They demand to be able to transfer money and pay bills in one tap or swipe. They want to be able to review their spending habits, be offered guidance and have real-time access.

“Traditional banks have a long way to go to catch-up with tech-driven challenger banks and fintech firms.”