Search is on for FPA chief
A high level committee has been set up to fill the top job at the Financial Planning Association (FPA) in the wake of the departure of chief executive Mi-chael McKenna.
A high level committee has been set up to fill the top job at the Financial Planning Association (FPA) in the wake of the departure of chief executive Mi-chael McKenna.
The committee is headed up by FPA chairman Ray Griffin alongside incoming chair-man John Hewison, independent FPA director David Elsum and FPA director Kevin Bailey.
Hewison says the committee is interviewing executive research agencies with a view to settling on the successful agency by next week.
While Hewison did not disclose the names of the executive search agencies the committee is considering, he says they are "down to a short list of three and will decide on one next week."
"We'll wait for the executive search to put forward candidates and interview those who fit the criteria," Hewison says.
"It's a very important role, so we don't want to rush into it."
To assist the committee in their task, a chief executive job description has been developed. Hewison says the job specification is much more detailed than those used to appoint previous chief executives.
"In previous years the candidates went through a similar process. There was a job spec, but this year we reviewed the old specification as a matter of good business practice."
"The criteria is fairly broad. What we are looking for is a person with CEO ex-perience in a broad range of organisational management environments. Trhe candi-date should also be able to communicate with industry members, government and other professional organisations," he says.
The Committee was devised by FPA chairman Ray Griffin in consultation with the FPA board. Elsum, an external director who sits on the board was chosen for his broad experience in corporate governance and management.
Bailey was chosen for his involvement in a task force that reviewed the brief and the job description.
Recommended for you
BT is to launch a new low-cost “Focus” investment menu for its Panorama platform this October, in partnership with Vanguard, seeking to compete with industry superannuation funds.
Net gains of financial advisers have already doubled since the start of FY25, according to this week’s Padua Wealth Data, with momentum gathering pace far faster than the previous financial year.
National advice firm MiQ Private Wealth has appointed a new chief executive to lead the business through a “transformative era” after penning a partnership deal with AZ NGA earlier this month.
WT Financial’s managing director, Keith Cullen, believes the firm’s Hubco model with Merchant Wealth Partners will be a “repeatable growth model” for the business as it scales its adviser numbers.
