The industry body confirmed Nick Fels’ appointment on Thursday, who will bring over 30 years’ experience to the board.
FSC chairman David Bryant welcomed the news, saying Mr Fels is highly accomplished with specialist knowledge in governance, risk management, fund administration, investment management and distribution.
“Nick is a welcome addition to the FSC board and his wealth of experience and knowledge of the financial services industry will be valued,” Mr Bryant said.
Mr Fels added: “I am pleased to take on this position as a director and further support the FSC, which is playing a vital role in contributing to good public policy for Australia’s financial services sector.”
The news comes less than a week after Sally Loane announced she was stepping down as FSC’s CEO after seven year at the end of 2021.
“I am proud to have led a team which proactively develops policy reforms to assist our members; reforms which are beneficial for consumers of financial services, and which have helped restore trust in our sector,” Ms Loane said last week.
