The Financial Planning Association has announced it will replace chief executive Mark Rantall with general manager of policy and conduct, Dante De Gori.
Mr Rantall will step down in February 2016, and has agreed to stay on the association's board as a non-executive director.
Speaking at the opening of the FPA Professionals Congress in Brisbane, chair of the FPA board, Neil Kendall, praised Mr Rantall for "advancing the cause of professionalism" in the financial advice industry during a period of significant change.
Mr Kendall said that after a rigorous executive search, the board’s choice was based on Mr De Gori having the "most suitable blend of expertise, experience and passion" to lead the FPA during the next chapter of its journey.
"In five years Mark Rantall has led a team that effectively transformed the FPA into the leading professional body it is today," Mr Kendall said.
"[He has been] trailblazing the journey to higher educational and advice standards; tirelessly campaigning to ensure both members and consumers benefit from proposed industry and government reforms; and growing both the Certified Financial Planner (CFP) brand and number of CFP professionals in Australia.
"The board recognised Mark’s achievements today with the award of life membership of the FPA," he added.
Mr Kendall said the board also recognised the value of having a CEO who is a CFP professional and who "really understands the work financial planners do", as well as the macro policy and industry environment in which they operate.
"Dante has worked as the FPA general manager of policy and conduct since 2010. He has a deep understanding of the FPA, our policies, government and industry relationships and our members. Dante shares the board’s mission to build the profession of financial planning," he said.
"We are well advanced on this journey and have received strong government support. The next step is the delivery and implementation of legislative changes, the continued growth in professionalism and continuing to build trust with consumers.
"Dante, with his experience, knowledge and passion for the profession, is ideally qualified to lead the organisation as we stand with Australians for a better financial future," Mr Kendall said.
A new UBS report has said that regulators getting tougher on capital is a threat to dividends, particularly those of the major banks. ...
Platinum Asset Management saw its profit fall by 16.7 per cent during financial year 2019, with the group saying it experienced “challengi...
Wilson Asset Management Capital has reported an operating profit after tax of $14.5 million in the 2019 financial year, plunging by 88.4 per...