The appointment of Mr Glenfield follows former chief executive Deen Sanders’ abrupt departure from the organisation in April, with Griffith University professor Mark Brimble taking over as interim chief executive.
Mr Glenfield has three decades’ experience in the financial services industry, having held senior roles with the International Organisation of Pension Supervisors, the Victorian Financial Institutions Commission and KPMG, and most recently serving as a general manager within APRA.
FASEA chair Catherine Walter said Mr Glenfield has “extensive expertise in financial services regulation and [a] measured leadership style”, and will strengthen the oragnisation’s “capacity to implement a well-considered roll-out of higher educational and ethical standards for Australian financial advisers”.
“Stephen brings in-depth knowledge of financial system regulation, strong communication skills and a strategic mindset. The board expects that Stephen’s stewardship will augment and build upon our existing work in establishing a robust standards framework,” said Ms Walter.
“On behalf of the board, the standards authority welcomes Mr Glenfield to the role of CEO. Stephen is ideally suited to lead the authority, and to engage with consumer, government and industry stakeholders to ensure we achieve the required successful outcomes.”
By industry stakeholders would they mean current and potential advisers
he is an accountant ex kpmg so we will be in great hands. yippee
If you actually look at the FASEA board composition it actually looks fair. I love seeing lazy people whinge whinge on here 😀
Now…maybe….at the start definitely not. Where is the representation from Private Sector education?
Not many Universities a proper Financial Planning degree, so the likes of private universities like bond, nortre dame, rmit etc don’t offer FP degrees. So the only other “higher education” is Kaplan
These public service appointments always begin with “whats his face brings with him a wealth of experience blah blah ………………” , they never contain the words” whatshisname has been a successful adviser and knows only too well the challenges faced by advisers in today’s climate. It’ll never happen
A financial planner should be the CEO.
FARCEA
actually the ceo of the cpa was an accounting lecturer and look at how they ended up. in shambles, governance mess, membership in tatters, failing association on the verge of collapse
Happy to see it sorted. Now just tell me what campus to attend. Can’t wait to see the curriculum and the cost. Raring to go ?
Sounds very impressive, except he has ZERO experience serving clients as a financial planner. So how could he possibly understand our profession? Surely that would be the most important thing on his resume. Can you imagine the outrage if the CEO of the CPA wasn’t an accountant or the head of a medical college wasn’t a doctor? It wouldn’t be tolerated. This is the problem with financial planning. We are continually dictated to by bureaucrats with no understanding of the day to day work we do. Which leaves them wide open to influence from vested interest groups like the banks, industry funds, education providers, Choice and the media.
That’s because Ben the majority of Financial Planners have made a conscious decision to hitch their horse to the Banks or a product manufacturer. As soon as Banks/AMP are out of advice and just sell products the better for all of those who want to be financial planners. Financial Planners can control who their licensed through. (insert comment about the bullet proof licensee here… not). Financial Planners could also DEMAND from the FPA that they end the professional partner program because it creates a perceived conflict of interest. Very odd that some planners are happy for their industry association to get money from CBA/AMP and then represent us and we wonder why we get FASEA.
They need a strong and empathetic leader with skills and experience who can deal with the task of developing and managing the new ‘Authority’ into the future to ensure our industry is recognised as a profession. There are other ex-practitioners on the board already who can contribute to decisions. His task, among many, is to build an effective team who can all contribute, not just one person who makes all decisions unilaterally. Get real Ben, why are you so outraged?
Because people don’t understand so they whinge lol