Richard Klipin made a shock exit from the Association of Financial Advisers to join ANZ-owned dealer group millennium3 in 2012.
1. Richard Klipin
After spending seven years at the Association of Financial Advisers (AFA), CEO Richard Klipin recently made a surprise decision to move to ANZ-owned dealer group millennium3, the second biggest dealer group in the country based on adviser numbers.
He said the decision to leave AFA was a “very difficult one personally”.
Klipin, who will officially take the CEO position at millenium3 in February 2013, said he would be guiding the business as it works through regulatory change, as well as strengthening its position in the advice industry.
AFA treasurer Brad Fox – who has replaced Klipin in his duties over the interim – said it would be business as usual at the AFA over the immediate term.
2. Peter Daly
In May this year, chief executive officer and managing director of the Australian Financial Services (AFS) Group, Peter Daly, announced his sudden resignation from the dealer group.
In an interview with Money Management, Daly expressed surprise and disappointment over the board’s decision to move in a different direction, after having already approved Daly’s proposed strategy and budget for the year ahead.
However, he quickly landed a job at Yellow Brick Road to help with and supervise the recruitment of financial planning practices.
Former general manager of ANZ’s advice and distribution division, Alan Logan, replaced Daly as the CEO of the AFS Group.
3. Grahame Evans
The last 12 months have seen Professional Investment Services (PIS) lose a number of senior staff, none more significant than its general manager Grahame Evans.
Evans departed PIS to set up his own consultancy business Mente, which offers strategic design and execution for financial advisers and financial planning firms in areas such as client engagement and FOFA transition.
Shortly after his resignation, PIS’ chief information officer Len Sanders and ASIC concern leader Kelly Hinton also stepped down.
4. Craig Jameson
Another big move this year was Craig Jameson’s move from ANZ-owned Super Concepts to AMP, where he now heads the insto’s new SMSF business unit.
His hire came less than a week after AMP announced at the end of June that it planned to take over SMSF administrator Cavendish Group.
At the time, AMP chief executive Craig Dunn said tapping into the SMSF market was a key strategic priority for the company.
Prior to joining Super Concepts in early 2009, Jameson was ING Australia’s head of strategy and transformation for customer solutions.
5. Fiona Reynolds
After spending five years leading the Australian Institute of Superannuation Trustees (AIST), Fiona Reynolds made the decision to step down to take up a new position as managing director of the United Nations Principles for Responsible Investing (UNPRI) in London.
Reynolds had been involved with UNPRI in the past through her role with AIST and as a committee member for the Australian Council of Superannuation Investors.
Financial Services Council chief executive John Brogden said her appointment reflected the significance of Australia’s super system on the world stage.
AIST is currently seeking a new CEO, with Reynolds set to leave the country in January to take up her new responsibilities in February.
