New Chair for Financial Adviser Code Committee

Media Release
9 August 2012

The Code Committee for Authorised Financial Advisers (AFAs) has elected David Ireland as Chair for the next 12 months.

A partner at Kensington Swan and a member of the Code Committee since it was established in 2009, Mr Ireland will lead the committee as it keeps under review current regulatory and legislative developments and assesses potential impacts on the Code of Professional Conduct for AFAs.

"I congratulate David Ireland on his appointment and look forward to continuing an effective partnership with the Committee," said FMA CEO Sean Hughes.

Mr Hughes also thanked outgoing Chair, Ross Butler, for his pragmatic and professional approach in leading the Committee for three years.

"Ross's commitment and energy played a large part in ensuring there would be industry support and buy-in for the Code of Professional Conduct for AFAs," Mr Hughes said.

"While other commitments now prevent him from continuing as Chair, we're pleased he has been able to stay on as a member of the Committee to help support their work."

Committee member Pip Dunphy has also stood down from the Code Committee.

"Pip's focus has been to raise the bar of professionalism and competence in the industry. She brought a very clear perspective to the Code Committee's governance table," Sean Hughes said.

Ends


Contact:

Tony Reid on 021 739 052 or tony.reid@fma.govt.nz

About the Committee:

The Code Committee for Financial Advisers maintains a Code of Professional Conduct for Authorised Financial Advisers (AFAs). The Code establishes minimum standards of competence, knowledge and skills, ethical behaviour and client care, along with minimum requirements for continuing education, and training, for AFAs.

Other current members are Shane Edmond, David Russell, Professor Dimity Kingsford-Smith, Gary Young and Michael Staal.

Further information about the work of the Committee can be found at: www.financialadvisercode.govt.nz