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Big shake up at NZFSG

NZFSG looking for new CEO.

Thursday, December 21st 2023, 10:40AM 1 Comment

New Zealand Financial Services Group (NZFSG) chief executive Brendon Smith is stepping down and moving into the chairman's seat.

Sam White will continue as executive chairman of NZFSG and Loan Market across New Zealand and Australia.

Brendon Smith, who has served as CEO for a decade and will become chairman on June 30.

White says the change aligns with NZFSG’s refreshed vision for 2028, with focus on how advisers can work to grow, develop and flourish in a digital world.

"NZFSG remains dedicated to its mission to empower advisers to help New Zealanders achieve their financial dreams, while driving innovation and advocating the adviser community," he says.

The transition is part of a broader strategy to bring new energy and perspectives into NZFSG’s leadership. The company is currently in the process of interviewing candidates for CEO of NZFSG and
the Director of Loan Market NZ.

"The calibre of talent we've seen assures me of a strong future for NZFSG," White says.

"Brendon has done a wonderful job leading our company from the time of the merger until now. His transition to chairman is not just a new chapter for him but also for NZFSG as we continue to expand and innovate in the financial services industry. We are keen to help grow the adviser share of the New Zealand mortgage and insurance market and to keep building on our commitment and promises to our advisers,” White said.

"Brendon and I shared a bold vision when we started, and it's inspiring to see it surpassed. Now is the right time for a new leader to come in and build on our strong foundation."

Smith said, “I’m immensely proud of what the team has achieved and I have a huge level of admiration for our advisers, the businesses they have built and customers they’ve served. It's the dedication that advisers have delivered to clients over a challenging few years that gives me certainty our industry will continue to grow. As I transition to the role of chairman, I am excited to continue working closely with our advisers, and mentoring the new leaders who will carry forward our vision”.

 

Tags: NZFSG

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Comments from our readers

On 22 December 2023 at 9:08 am valkyrie6 said:
Yes, never understood why advisers would belong to a dealer group that actively competes against them with their own brand, also being owned by real estate agents just creates a situation where real estate agents and mortgage advisers working out of the same office and servicing the same clients is hardly an arm’s length transaction.

I have also seen evidence of no branded advisers leaving the G and suddenly their clients are getting marketed to by Loan Market and Ray white, customer personal data security?

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AIA - Back My Build 5.44 - - -
AIA - Go Home Loans 7.99 5.99 5.69 5.69
ANZ 7.89 6.59 6.29 6.29
ANZ Blueprint to Build 7.39 - - -
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ANZ Special - 5.99 5.69 5.69
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BNZ - Mortgage One 7.94 - - -
BNZ - Rapid Repay 7.94 - - -
BNZ - Std 7.94 5.99 5.69 5.69
BNZ - TotalMoney 7.94 - - -
CFML 321 Loans 6.20 - - -
CFML Home Loans 6.45 - - -
CFML Prime Loans 8.25 - - -
CFML Standard Loans 9.20 - - -
China Construction Bank - 7.09 6.75 6.49
China Construction Bank Special - - - -
Co-operative Bank - First Home Special - 5.79 - -
Lender Flt 1yr 2yr 3yr
Co-operative Bank - Owner Occ 7.65 5.99 5.75 5.69
Co-operative Bank - Standard 7.65 6.49 6.25 6.19
Credit Union Auckland 7.70 - - -
First Credit Union Special - 6.40 6.10 -
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Heartland Bank - Reverse Mortgage - - - -
Heretaunga Building Society ▼8.60 6.75 6.40 -
ICBC 7.49 5.99 5.65 5.59
Kainga Ora 8.39 7.05 6.59 6.49
Kainga Ora - First Home Buyer Special - - - -
Lender Flt 1yr 2yr 3yr
Kiwibank 7.75 6.89 6.59 6.49
Kiwibank - Offset 8.25 - - -
Kiwibank Special 7.75 5.99 5.69 5.69
Liberty 8.59 8.69 8.79 8.94
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Pepper Money Advantage 10.49 - - -
Pepper Money Easy 8.69 - - -
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SBS Bank Special - 6.15 5.69 5.69
SBS Construction lending for FHB - - - -
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SBS FirstHome Combo 5.44 5.15 - -
SBS FirstHome Combo - - - -
SBS Unwind reverse equity 9.75 - - -
TSB Bank 8.69 6.49 6.49 6.49
TSB Special 7.89 5.69 5.69 5.69
Unity 7.64 5.99 5.69 -
Unity First Home Buyer special - 5.49 - -
Wairarapa Building Society 8.10 6.05 5.79 -
Westpac 8.39 6.89 6.39 6.39
Westpac Choices Everyday 8.49 - - -
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Westpac Special - 6.29 5.79 5.79
Median 7.99 6.02 5.79 5.69

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