Professional Investment Services (PIS) has appointed former Financial Services Partners (FSP) head of professional standards Steve Quine as its manager – risk and professional standards.
The announcement comes a week after PIS group founder Robbie Bennetts announced several senior PIS staff had left the group to join his new Gold Coast-based start-up Robbie Bennetts enterprises, including the group’s chief information officer Shannon Overs.
Quine will commence the role from 26 March 2012 and report directly to PIS chief executive Pete Walther.
Prior to his role at FSP, Quine worked for two years as advice and professional standards manager for State Super Financial Services, and has more than 20 years’ experience overall in risk and compliance management, audit and remediation, strategic business planning, project management as well as practice and franchise management, PIS stated.
"One of Steve’s many strengths is his ability to lead and drive transformational change in the areas of risk and professional standards. He has also built a reputation for delivering on process improvement initiatives that achieve greater compliance and business outcomes," Walther said.
Just over a year ago, PIS entered into an enforceable undertaking with the Australian Securities and Investments Commission following concerns from the regulator that the group was not meeting its legal obligations as a financial services provider.
PIS stated that Quine’s focus in recent years has been in the area of implementing robust and responsive risk and compliance frameworks, increasing the business value proposition and delivering continuous improvement processes.
The group also announced that Kelly Hinton, who has been acting manager – professional standards since September, will continue in the role as ASIC concern leader through the conclusion of the final phase of the enforceable undertaking.
She will also assist in the handover period to ensure the current pace of change within the organisation is consistent, PIS stated.
