NZ FSC appoints new CEO

Richard Klipin will begin his new role as chief executive from mid-November.

Mr Klipin has held executive positions in financial services in Australia and New Zealand. He was the AFA chief executive and chief executive of licensee Millennium 3 in Australia. In New Zealand, he served as the chief distribution officer of Sovereign, FSC said in a statement.

FSC independent chairman Rob Flannagan said the council was committed to stepping up its work in the areas of regulation, tax policy and professional standards, as well as working on a professional code of conduct that would apply to all members.

“The demands of the proposed regulatory regime, digital products and digital distribution, and rising consumer expectations, require a strong organisation to represent financial services firms in New Zealand,” Mr Flannagan said.

“Richard is an ideal CEO to lead the FSC and its members through this time of potential change, given his extensive experience in this area.”

The FSC also announced the addition of two new members to its board – Matthew Hanley from EY and Charlie Trotter from New Zealand platform provider FNZ.