Financial Services Council (FSC) chief, Richard Klipin, has resigned after a seven-year tenure with the industry body.
In a statement, FSC chair, Rob Flannagan, said Klipin would remain in charge until the board finds a successor – likely to be a matter of months.
“Under Richard’s leadership over the past seven years we’ve developed from a small organisation of 29 members to one that is now has 119, and living its purpose as the clear voice of the financial services sector and growing the financial confidence and wellbeing of New Zealanders,” Flannagan said.
Klipin moved from Australia to run the FSC in 2016 amid falling membership triggered by a controversial insurance sector study. It is understood he will be returning home once the leadership transition is completed.
However, Klipin steadied the organisation, growing membership and presiding over three mergers with Workplace Savings NZ, the Health Funds Association and, just last week, Women in Super.
“It has been a huge decision; however the time is right to hand on the leadership baton,” Klipin said in the release.
“It has been a privilege to serve as the FSC’s CEO. I thank everyone for opportunity to serve and lead and work with such excellent people.”