IFA whittles down CEO hunt

The Institute of Financial Advisers has whittled down its hunt for a new chief executive to a single digit number and will hold extensive interviews next week.

Friday, May 14th 2010, 5:22AM 3 Comments

by Paul McBeth

IFA chairman Phillip Meyer said the association had received a number of applications and had cut that down to a "single digit number" of candidates who will undergo a "rigorous" interview process focusing on competency next week.

"Generally speaking, we're looking for someone who can provide strong engagement and encouragement with members, and have responsibility in promoting the value of our proposition," Meyer told Good Returns. "We viewed all the applications and determined several people could do the job."

"We are happy with the quality of applicants and decided to employ an external consultant to help with the interview process," he said. "From that process we hope to develop our recommendation."

Once the selection committee has decided on a candidate, they will put that person forward to the IFA's board to make a final decision. Meyer said they hope to make an announcement regarding the position in the next couple of weeks, though that might not name the new appointment.

Former CEO David Hutton stepped down in December after three years at the association's helm.

Paul is a staff writer for Good Returns based in Wellington.

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Comments from our readers

On 14 May 2010 at 8:40 am Independent Observer said:

Perhaps a more effective appointment would be for someone to head up a consortium of the various industry bodies - rather than a seemingly ineffective sub-sector

On 14 May 2010 at 3:55 pm adam smith said:

IO - what makes you think that the various industry bodies would want to consort permanently?

On 15 May 2010 at 7:47 am Independent Observer said:

Good point Adam Smith. I'm sure that each industry body beleives that it's much better for various sub-sectors of the financial services community to lobby individually.

Whilst this approach has had little impact to date, it has enabled each Body to preserve their values...

Unfortunately the cost of this independence will continue to be Regulatory platitudes and oversight at the ultimate expense to the industry.

"...united we stand, divided we fall..."