Richard Klipin has been appointed new chief executive officer of ANZ-owned dealer group millenium3.
The Association of Financial Advisers (AFA) announced late yesterday that Klipin would be leaving the association in February 2013 for a senior role at ANZ Wealth, with AFA treasurer Brad Fox to step in as interim CEO.
As chief executive of millenium3, Klipin will guide the business through transformation as it works through regulatory change, as well as strengthening the dealer group's position in the advice industry.
Current millenium3 managing directors Barry Martin and Darryl Foster will stay on as dealer principals, with Martin continuing to focus on adviser development while Foster works as the group's chief operating officer.
"The decision to leave has been a very difficult one personally; however after almost seven fantastic years as CEO, it is time to pass the baton," Klipin said.
"millenium3 is a well-established business with a unique insurance heritage and I look forward to supporting our advisers taking advantage of the opportunity that will come from the changing advice landscape."
The new AFA president, Michael Nowak, said the association was looking for Klipin's replacement, but in the meantime it was business as usual at the AFA.
"The interim CEO Brad Fox has the experience and skill set to continue the AFA's momentum in membership growth, education delivery and bringing value to corporate partnerships," Nowak said.
