Sanders to leave FASEA
Financial Adviser Standards and Ethics Authority (FASEA) chief executive, Deen Sanders, has signalled his departure from the organisation, following months of flak from the financial advice community regarding proposed education reforms.
FASEA Board chair, Catherine Walter, announced today that Mark Brimble had been appointed to the role of acting managing director.
She welcomed the experience and different skills that he 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.
FASEA said that the appointment would allow the organisation to continue the foundation efforts of Sanders to implement new education standards for financial advisers.
The Board had already commenced its search for a new CEO.
“FASEA is seeking a credentialed leader with superior communication and stakeholder management skills, the ability to build a high-performing team, with strong implementation and strategic execution capability. Naturally, understanding of the Australian financial services ecosystem and its impact – both positively and negatively – on Australian consumers would be beneficial,” 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.
AUTHOR
Hannah Wootton
Recommended for you
The Governance Institute has said ASIC’s governance arrangements are no longer “fit for purpose” in a time when financial markets are quickly innovating and cyber crime becomes a threat.
Compliance professionals working in financial services are facing burnout risk as higher workloads, coupled with the ever-changing regulation, place notable strain on staff.
The Senate economics legislation committee has recommended Schedule 1 of the Delivering Better Financial Outcomes legislation be passed as it is a “faithful implementation” of the recommendations.
Treasurer Jim Chalmers has handed down his third budget, outlining the government’s macroeconomic forecasts and changes to superannuation.
