# TEAM plc transforms overseas platform with Neba Wealth acquisition (VIDEO)

- Link: https://www.directorstalkinterviews.com/team-plc-transforms-overseas-platform-with-neba-wealth-acquisition-video/4121135710
- Published: 2023-12-12T07:09:53+00:00
- Author: Ethan Davis

**[TEAM plc](https://www.directorstalkinterviews.com/company/team-plc/team.l) **(
[LON:TEAM](https://www.directorstalkinterviews.com/company/team-plc/team.l)), a 
dynamic player in wealth and asset management is pleased to announce that it has
acquired the entire issued share capital of (“Neba Wealth”) and Neba Financial Solutions
Private Ltd (“Neba Singapore”) for a total initial consideration of £1.181 million
to be satisfied by the issue by the Company of a loan note which is convertible 
into new TEAM shares.

This acquisition marks a pivotal expansion of TEAM plc’s international reach and
marks a new the entrance of a new platform in global wealth management.

**Highlights**

 * A newly created division, called TEAM East, will comprise of Neba and all the
   operations of Globaleye Group which was acquired by the Company in June 2023,
   creating a significant base to build a financial services business in developing
   markets.
 * An intention to recruit high calibre financial advisers to TEAM East, driving
   growth in AUA and inflows into TEAM Asset Management funds and models (TEAM AM).
   
   Creating a New Platform in Global Wealth Management

Executive Chairman Mark Clubb joins DirectorsTalk Interviews to discuss the acquisition
of Neba Wealth Management.

Mark talks us through the strategic rationale behind the acquisition, combining 
Neba with Globaleye under Team East, bringing John Beverley to the company and how
quickly Mark expects to expand TEAM East.

**The Birth of Neba Private Clients under TEAM East**

As part of this strategic growth, Globaleye and the Neba businesses are to be rebranded
as Neba Private Clients, operating under the TEAM East division. This rebranding
represents our commitment to providing bespoke private client services at a global
level.

**Empowering Financial Advisors Globally**

 * The acquisition is a significant milestone in enhancing the global proposition
   for financial advisors. Neba Private Clients and TEAM will offer a powerful platform
   for financial advisors worldwide, providing unparalleled resources, support, 
   and opportunities for growth.
 * Top tier international financial advisors are expected to join Neba Private Clients
   and the Neba Network brand, where innovation meets tradition in wealth management,
   enabling an opportunity to be a part of a visionary network that values their
   expertise and supports personal growth.

**Strategic Vision and Integration**

 * John Beverley, the driving force behind Neba, joins TEAM as the Managing Director
   of TEAM East. John’s leadership will be instrumental in synergising the strengths
   of Neba with Globaleye, redefining the future of international wealth management.
 * Globaleye’s previous two senior managers have left the business and the Company
   is grateful for their leadership and smooth handover to John Beverley. The integration
   of Neba and Globaleye is well underway and marks the start of a new beginning
   for both businesses.

**A Gateway to Enhanced Opportunities:**

 * The merger of Neba and Globaleye under the Neba Private Clients banner is designed
   to bolster TEAM’s strategic presence in key markets across Asia, East Africa,
   South America, and the Middle East.
 * Our focus is clear – to support the best financial advisors globally and provide
   them with an ecosystem that fosters growth, innovation, and client-centric services.

> **Mark Club, Chairman of TEAM, commented**: “John Beverley is a successful entrepreneur
> who has a disciplined approach with deep knowledge and extensive experience of
> overseas financial services markets. Under John, TEAM East will build a high-quality
> advisory service. I am confident that our reputation will continue to grow which,
> in turn, will support John as he spearheads our next phase
> through the recruitment
> of high calibre individuals to expand our client base. John will become a meaningful
> shareholder following conversion of his loan note aligning him with all shareholders.
> This is undoubtedly an exciting next step for TEAM as a whole.”

> **John Beverley, Founder and Managing Director of Neba, said:** “I am delighted
> to be joining and directing TEAM East. Over the past eight years, I have built
> Neba Wealth and Neba Singapore into two attractive and bespoke businesses in the
> international financial advisory market. Moving these two businesses into TEAM
> East was not only the natural next step, but a unique opportunity to partner with
> 
> a reputable quoted company as it embarks on the next stage of its global strategy.”

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