The founding chief executive of the Financial Adviser Standards and Ethics Authority will depart just months after commencing in the role to join the partnership of accounting giant Deloitte.
FASEA chair Catherine Walter has announced that Deen Sanders will be stepping down from his role as FASEA chief executive, having been appointed to the position by Minister for Revenue and Financial Services Kelly O’Dwyer in August 2017.
Griffith University professor and FASEA board member Mark Brimble has been appointed acting managing director while the government body recruits for a permanent chief executive, with assistance from executive search firm Egon Zehnder.
Dr Brimble recently stepped down from his role as chair of the Financial Planning Education Council, a subsidiary of the Financial Planning Association of Australia (FPA).
Following the announcement of his departure, Dr Sanders has confirmed to InvestorDaily sister title Accountants Daily that he is set to join the big-four accounting firm.
Dr Sanders will join the Deloitte partnership to work on new business in the conduct area, including financial advice transformation and professional standards.
He is understood to have resigned from the government job some weeks ago.
FASEA is currently midway through a public consultation process to determine its final guidance for existing financial advisers on mandatory education and professional standards that Dr Sanders was leading.
Prior to joining FASEA, he was chief executive of the government’s Professional Services Council and a staff member at the FPA.
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