PAA chief executive resigns
The board announced his resignation last night and acknowledged the work Richards had done in the past three years as advisers moved into a regulated environment and the PAA amalgamaed with the NZ Mortgage Brokers Association.
Richards' resignation follows that of Peter Lee who earler this year left the CEO role of the Institute of Financial Advisers.
PAA chairman Peter Leitch, said Richards had put in significant efforts behind the scenes with Government, "especially in the area of advocating members’ interests and tirelessly promoting the adviser business model throughout."
"The board appreciates Edward’s contribution over a period of extensive regulatory and organisational change,” Leitch said. “The PAA is now well positioned to support members in the newly regulated environment.”
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