Divito’s appointment, which is subject to regulatory approval, begins on 1 September and comes just a week after Isle of Man-based life company RL360 announced it had bought FPI from its parent company Aviva.
Divito told International Adviser that the rapid changes facing the regulatory environment for life companies operating in the UAE and the recent change in ownership at FPI made the prospect of taking over the company an exciting one.
“It’s not about moving away from my own role, it’s really about moving towards this new opportunity with FPI,” he said.
“It’s really quite an exciting and dynamic time.”
Divito leaves the Dubai International Financial Centre, where he was senior vice president of the Wealth & Asset Management division, with effect from the 1 August.
Gent and his family have decided to leave the UAE after three years and will be relocating back to the UK.
