Brad Fox has announced he is stepping down from his role as the AFA chief executive, with a former Zurich executive to step in.
According to a statement, Mr Fox, who has held the CEO role with the AFA for the past four years, has agreed to continue to serve the AFA as a consultant.
He will be succeeded by former adviser and former Zurich executive Philip Kewin. The transition will take effect from 20 March 2017, the statement said.
Mr Kewin was Zurich's general manager for life and investments until September 2016, according to his LinkedIn profile.
Commenting on his decision, Mr Fox said he is pleased to be continuing to make a significant contribution to the AFA on professional standards and codes in the near-term, as well as supporting Mr Kewin in making a successful transition to the CEO role.
“We are now entering the next phase of implementing the professional standards legislation where our members will get the professional recognition they deserve,” Mr Fox said.
“Now is the right time for me to hand the baton on to Phil. He can continue to lead this implementation for our members, and for the AFA as a professional body, over the next four to five-year period.
“After four years of commuting weekly to Sydney, my family is looking forward to having me around more often.”
In accepting the role, Mr Kewin said it is an unbelievable privilege “to represent an association that has collectively influenced, improved and changed the lives of so many Australians through sound financial advice”.
“I look forward to continuing to support AFA members in providing great advice to more Australians,” he said.
An adviser has slammed the poor behaviour of insurers in hiking premiums for existing customers while new client rates stay unsustainably low, as the ...
The corporate regulator has used its enhanced banning powers to restrict the former head of a collapsed asset manager from financial services in any ...
The government has rushed new legislation to Parliament in the wake of its ushering in a new broom at ASIC, which will keep the regulator accountable ...