FASEA names new chief executive

FASEA names new chief executive

Former APRA general manager Stephen Glenfield has been appointed to lead FASEA, commencing in the role on 1 August 2018.

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.”

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