Richard Klipin surprises with switch to ANZ's millennium3

financial advisers australian financial services SMSFs ANZ financial planning brad fox financial planning practices chief executive officer financial planning firms association of financial advisers AFA financial services council amp AIST professional investment services chief executive

14 December 2012
| By Staff |
image
image
expand image

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.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 weeks 5 days ago

This verdict highlights something deeply wrong and rotten at the heart of the FSCP. We are witnessing a heavy-handed, op...

1 month ago

Interesting. Would be good to know the details of the StrategyOne deal....

1 month ago

Insignia Financial has confirmed it is considering a preliminary non-binding proposal received from a US private equity giant to acquire the firm. ...

1 week 4 days ago

Six of the seven listed financial advice licensees have reported positive share price growth in 2024, with AMP and Insignia successfully reversing earlier losses. ...

6 days 20 hours ago

Specialist wealth platform provider Mason Stevens has become the latest target of an acquisition as it enters a binding agreement with a leading Sydney-based private equi...

6 days ago