deVere Group, one of the world's largest independent financial advisory organizations, has named Peter Hobbs as its Chairman.

Hobbs joined deVere Group's Board of Directors in June 2013 in a non-executive role.

He was previously a former director of Generali International and Generali Pan Europe and ultimately responsible for the Generali Group's strategic innovation programs and developments in more than 60 countries worldwide.

In his new role, Hobbs’s primary focus will be working with Nigel Green, deVere Group's Founder and CEO, and Beverley Yeomans, COO, to effectively guide, review and further develop the Group's global strategy and business plans.

“In a stellar international financial services industry career, Peter has enjoyed a long list of key accomplishments and, clearly, he has an abundance of top level experience,” said Green.

“He has a robust record in managing and leading organizations, a thorough regulatory understanding of the sector and, through his role as a non-executive director, a strong empathy with our culture and commitment to serving clients. We're thrilled he has decided to take on the role of deVere Group chairman,” he added.

Hobbs said that deVere Group has grown substantially over the last few years to become one of the largest financial advisory companies of its kind.

“Since joining the Board I have seen the organization’s management adapt and take advantage of the challenges and opportunities companies of its size and type face in respect of both the market and regulatory challenges,” he said.

“Many challenges remain, but with the prudent deployment of future capital, linked to a disciplined approach to corporate governance and marketing initiatives, I would expect the Group to continue its successful upward curve. I am looking forward to starting my work as Chairman and to it continuing to deliver on deVere Group's strategy for responsible, robust growth,” he added.