FPA close to CEO choice
The Financial Planning Association (FPA) will announce a replacement for former FPA chief executive officer, Michael McKenna, in early October, according to FPA Chairman Ray Griffin.
Griffin says he and his fellow committee members are entering the final stages of filling the top spot, with a short list of four candidates already finalised.
"We are very pleased with the quite high level of candidates," he says. "We are now down to four."
"People did not apply for the position. Our research firm, John Allen Associates, referred many of the candidates to us," says Griffin.
He says a total of 15 people have been considered for the position before shortening the list to the current four.
Griffin says the types of professional backgrounds the candidates have include a range of people from inside and outside of the financial services industry.
According to Griffin, in this day and age, people of this level of management can transfer their skills over to fit any position adequately.
"What we are looking for is someone with the skills to take us forward. They need to be skilled in areas of managing business, and be willing to take forward on the policy front," he says.
Recommended for you
Two law firms have highlighted licensees’ responsibility to ensure they have sufficient cyber security measures in light of the enforcement action against Fortnum Private Wealth.
A former director has pleaded guilty to providing financial product advice without holding an AFSL which saw almost $2 million transferred to him.
Commonwealth Private Limited, a subsidiary of Commonwealth Bank of Australia, has launched a wholesale offering with the help of JPMAM.
Shaw and Partners’ new national head of private wealth believes the biggest challenge for financial advisers right now is being able to deliver efficient advice delivery amid a complex regulatory environment and growing investment universe.
