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Divito to head Standard distribution

Standard Life has appointed Chris Divito as head of platform distribution.

Divito has been with the firm for 14 years, most recently as head of distribution in the North. He was part of the original team responsible for developing Standard Life’s platform strategy and approach. He replaces Steven Sands, who has been appointed business development director.

In April, Standard Life announced it had increased its wrap assets under administration by 13 per cent from £6.1bn at the end of 2010 to £7.5bn in the first quarter of this year.

In the same month, the firm also launched a managed portfolio service as part of its wrap platform, with a set of five investment strategies dependent on clients’ risk appetite. Standard says the managed portfolios allow more people to access the investment expertise of its discretionary fund managers.

Managing director of retail take to market Ronnie Taylor says: “Chris brings a wealth of experience and knowledge to this role. We strive to make the adviser experience with us even better and Chris has all the skills to make this happen.”

Divito says the firm is uniq-uely placed to take the platform market to a new level by remaining intermediary focused and service driven.

He says: “I am very much looking forward to the new challenge of leading our platform strategy and making sure we achieve our ambition of being the number one platform in the UK market.”

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