April 10, 2018
The Chief Executive Officer of Financial Adviser Standards and Ethics Authority (FASEA), Deen Sanders has stepped down from the role and will be replaced in an interim capacity by FASEA board member, Dr Mark Brimble.
Brimble, who is a Professor of Finance and Financial Planning at Griffith Business School, will not take on the Chief Executive role but will instead become Acting Managing Director of the education authority from 23 April until 31 July 2018.
FASEA announced the departure of Sanders by first detailing the appointment of Brimble, with the Chair of FASEA, Catherine Walter AM saying the move ‘augments the foundation efforts’ of Sanders and the Board in working towards the implementation of professional standards for advisers.
“We are confident Dr Brimble’s acting managing directorship will help us to build on the platform designed by standards expert Dr Sanders and enable the Board to recruit a suitably qualified Chief Executive Officer for the next important phase,” Walter said.
“Today’s announcement opens the way for Dr Sanders to step down from his current role as CEO to continue his long-standing career in professional standards, and we wish him well,” she added.
Walter said Brimble, who would retain his role at Griffith Business School, would oversee the authority as it moves toward the implementation phase of its work and brings proven leadership in the areas of higher education and financial services.
The Board of FASEA has engaged executive search firm Egon Zehnder to begin the recruitment process for a replacement for Sanders.