Friends Life managing director of international Rocco Sepe is leaving the firm.
Sepe has led Friends Life’s international business for six years, which includes Friends Provident International, fpb AG and Lombard.
He has established operations in Singapore, the United Arab Emirates and Germany and entered into a joint venture in Malaysia with AM Life, which Friends has a 30 per cent stake in. Sepe will continue to head the international division until his departure later this year.
Friends Life chief executive Andy Briggs says: “Rocco has made a considerable contribution to the company during the 20 years he has worked here.”
Sepe says: “I need a new challenge and now is the right time to hand over the reins. I would like to thank my team for the contribution they have made to help make the international business what it is today.”
Last month, Friends Life vice-chairman Trevor Matt-hews left the firm to take over as Aviva UK chief executive from Mark Hodges.
Matthews was previously Friends Provident UK chief executive and led the company through Resolution’s acquisition in November 2009.