Vesttoo appoints interim chief

Vesttoo appoints interim chief | Insurance Business Asia

Technology

Vesttoo appoints interim chief

New head shares why he’s taking on the top post

Technology

By
Terry Gangcuangco

Ami Barlev has been appointed by the board of insurtech Vesttoo as interim chief executive.

Vesttoo, which is in the middle of a fraud-related controversy, used to be led by co-founders Yaniv Bertele and Alon Lifshitz. The two served as CEO and chief financial engineer, respectively, before they were put on paid leave while the board examined its options.

Lifting the lid on his decision to assume the top post, Barlev said, as reported by The Royal Gazette: “I accepted this position because we all strongly believe that Vesttoo’s technological suite and platform remain extremely valuable. The need for both alternative capital in the market and diversified investments is clear and robust.

“We are working around the clock in order to provide solutions for our customers and partners around the world, and we will work intensively to restore the company’s activities. We believe in the value that Vesttoo can still provide.”

According to his LinkedIn profile, Barlev has been a Vesttoo board member for more than two years now.

The now interim chief was also cited as stating: “I am confident that by completing the ongoing audit thoroughly and comprehensively we can overcome this significant challenge and get back to work.

“I would like to thank the board for their confidence in me during this extremely difficult moment – as well as our investors and clients for their patience.”