Brimble steps up as Sanders departs

11 April 2018
| By Hannah Wootton |
image
image
expand image

Mark Brimble has been announced as acting managing director of the Financial Adviser Standards and Ethics Authority, as chief executive Deen Sanders leaves following months of heavy industry criticism.

FASEA Board chair, Catherine Walter, was brief in her thanks of Sanders for his contribution to the organisation.

“[Yesterday’s] announcement opens the way for Dr Sanders to step down from his current role as CEO to continue his long-standing career in professional standards, and we wish him well,” she said.

Sanders' departure was preceded by six months of flak from the industry regarding FASEA’s proposed education reforms. Criticism has been levelled at the entire Authority, including its board, although Sanders is the only one to depart.

Walter welcomed the experience and different skills that Brimble would bring to the role.

“On behalf of the Board, we are confident Dr Brimble’s acting managing directorship will help us to build on the platform designed by standards expert Dr Sanders and enable the Board to recruit a suitably qualified Chief Executive Officer for the next important phase.

“Dr Brimble brings a new skill set, and proven leadership capability in higher education and financial services. Engagement beyond the technical, principles-based platform is a critical focus for the Board, especially as we move into this next phase,” Walter said.

Brimble would commence his role as acting managing director for FASEA on 23 April and would remain in the position until 31 July, 2018. He would oversee the ‘feedback and build’ stage of the reforms.

The Board had already commenced its search for a new CEO.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago