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MEDIA RELEASE

20 June 2018

 

Stephen Glenfield to lead FASEA as Chief Executive Officer

 

The Financial Adviser Standards and Ethics Authority Limited Chairman, Catherine Walter AM, today announced the appointment of Stephen Glenfield to the role of Chief Executive Officer.

Mr Glenfield’s appointment completes a comprehensive executive recruitment process, as the Standards Authority moves into the practical implementation phase of its work programme.

Ms Walter said Mr Glenfield’s extensive expertise in financial services regulation and measured leadership style would strengthen the Authority’s capacity to implement a well-considered rollout of higher educational and ethical standards for Australian financial advisers.

“On behalf of the Board, the Standards Authority welcomes Mr Glenfield to the role of CEO.  Stephen is ideally suited to lead the Authority, and to engage with consumer, government and industry stakeholders to ensure we achieve the required successful outcomes,” Ms Walter said.

“Stephen brings in-depth knowledge of financial system regulation, strong communication skills and a strategic mindset. The Board expects that Stephen’s stewardship will augment and build upon our existing work in establishing a robust standards framework,” she said.

Mr Stephen Glenfield

Melbourne-based Mr Glenfield has worked in financial services regulation for over three decades, most recently as a general manager within the Australian Prudential Regulation Authority.

He has also worked with the International Organisation of Pension Supervisors, the Victorian Financial Institutions Commission and KPMG.

Mr Glenfield holds a Bachelor of Economics from Monash University and is a member of the Chartered Accountants Australia and New Zealand.

Commenting on his appointment, Mr Glenfield said he looked forward to the leadership role, and assisting the elevation of financial advice towards higher professional standards, and improving consumer trust and confidence in the sector.

“I thank the FASEA Board for the opportunity to lead this pivotal organisation with a clear remit to act upon and implement the federal Government’s objectives under the legislation,” Mr Glenfield said.

“I anticipate working collaboratively with a diverse range of stakeholders as we prepare for the critical rollout phase of the Standards Authority’s work program.”

Mr Glenfield will take up his position on 1 August 2018.

Dr Mark Brimble will continue to act as FASEA’s interim managing director until this date.

 

Media Inquiry: media@fasea.gov.au

 

About the Financial Adviser Standards and Ethics Authority

The Authority was established by the Turnbull Government to:

  • approve bachelor or higher degrees, or equivalent qualifications;
  • approve an exam;
  • approve the professional year requirements;
  • approve continuing professional development requirements; and
  • make a Code of Ethicsfor financial advisers.

RELEASE ENDS