Skip to content
International Adviser
  • Contact
  • Login
  • Subscribe
  • Regions
    • United Kingdom
    • Middle East
    • Europe
    • Asia
    • Africa
    • North America
    • Latin America
  • Industry
    • Tax & Regulation
    • Products
    • Life
    • Health & Protection
    • People Moves
    • Companies
    • Offshore Bonds
    • Retirement
    • Technology
    • Platforms
  • Investment
    • Equities
    • Fixed Income
    • Alternatives
    • Multi Asset
    • Property
    • Macro Views
    • Structured Products
    • Emerging Markets
    • Commodities
  • IA 100
  • Best Practice
    • Best Practice News
    • Best Practice Awards
  • Media
    • Video
    • Podcast
  • My IA
    • Events
    • IA Tax Panel
    • IA Intermediary Panel
    • About IA

ANNOUNCEMENT: Read more financial articles on our partner site, click here to read more.

SIGN IN INTERNATIONAL ADVISER

Access full content on the International Adviser site, access your saved articles, control email preferences and amend your account details

[login-with-ajax]
Not Registered?

Middle East managing director to leave Friends Provident Intl

By Kirsten Hastings, 9 Jul 19

Having only joined the company in September 2017

Chris Divito is to depart Friends Provident International on 31 July 2019 following a reorganisation of the UAE business, just two years after joining the company.

Divito became managing director of the Middle East and Africa at FPI in July 2017, having previously worked at the Dubai International Financial Centre (DIFC) and Standard Life.

Not related to the sale

His arrival at the company came just weeks after it was announced RL360 was to acquire FPI from its parent company Aviva.

Steve Weston, interim chief executive of FPI emphasised that “the changes we are making to the management of the UAE operation are not related to the sale of the FPI business to RL360”.

The delayed acquisition is understood to be progressing.

Challenging two years

Commenting on his departure, Divito said: “It has been an exciting and challenging two years and we have made great progress in improving the efficiency of the business.

“We have at times had to make some tough decisions and I am very proud of the way our people have stepped up.

“The results have been very impressive and FPI in Dubai is well placed for the next phase of development under new leadership,” Divito said.

Interim replacement

Adnan Lateef, currently finance business partner for FPI’s Middle East and Africa operation, has been appointed interim general manager, subject to regulatory approval.

He will assume overall responsibility for the Middle East and Africa business following Divito’s departure.

Lateef added: “Chris has put in place a very strong team. I am looking forward to building on his legacy, and to continuing to deliver a first-class service to our business partners and customers in the region.”

Tags: UAE

Share this article
Follow by Email
Facebook
fb-share-icon
X (Twitter)
Post on X
LinkedIn
Share

Related Stories

  • Latest news

    New fee-based adviser firm launches in DIFC

    Asia

    Utmost Wealth Solutions appoints head of Asia

  • Latest news

    Canada Life UK names Scottish Widows’ Watkins as CEO

    Africa

    Citi Wealth partners with Allfunds to boost fund service


NEWSLETTER

Sign Up for International
Adviser Daily Newsletter

subscribe

  • View site map
  • Privacy Policy
  • Terms and Conditions
  • Contact

Published by Money Map Media – part of G&M Media Ltd Copyright (c) 2024.

International Adviser covers the global intermediary market that uses cross-border insurance, investments, banking and pension products on behalf of their high-net-worth clients. No news, articles or content may be reproduced in part or in full without express permission of International Adviser.