Greg Stockton confirmed that he has stepped down as chief executive of UAE-based advice firm Prosperity.
He joined the DeVere-owned company in May 2021 after his time as commercial manager at Finsbury Associates.
Stockton said in a LinkedIn post: “Just over a year ago, I took on a challenge by taking over an existing financial planning firm in the UAE with a focus on changing the course of its old school direction.
“Despite the success and growth over the last 12 months, I have decided to step down as chief executive due to family reasons and will now hand the business to an existing management team as I relocate back to South Africa.
“I will be starting a new project shortly – non financial planning – and will keep you all up to date with what these future plans are.”
A spokesperson for DeVere Group told International Adviser: “ The process of recruiting a top calibre chief executive are underway to lead and grow Prosperity. In the interim, DeVere’s board of directors are at the helm.”
DeVere Group bought Abu Dhabi-headquartered Prosperity in 2019.