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New Zealand Financial Services Group (NZFSG) chief executive Brendon Smith is stepping down and moving into the chairman's seat.
Sam White will continue as executive chairman of NZFSG and Loan Market across New Zealand and Australia.
Brendon Smith, who has served as CEO for a decade and will become chairman on June 30.
White says the change aligns with NZFSG’s refreshed vision for 2028, with focus on how advisers can work to grow, develop and flourish in a digital world.
"NZFSG remains dedicated to its mission to empower advisers to help New Zealanders achieve their financial dreams, while driving innovation and advocating the adviser community," he says.
The transition is part of a broader strategy to bring new energy and perspectives into NZFSG’s leadership. The company is currently in the process of interviewing candidates for CEO of NZFSG and
the Director of Loan Market NZ.
"The calibre of talent we've seen assures me of a strong future for NZFSG," White says.
"Brendon has done a wonderful job leading our company from the time of the merger until now. His transition to chairman is not just a new chapter for him but also for NZFSG as we continue to expand and innovate in the financial services industry. We are keen to help grow the adviser share of the New Zealand mortgage and insurance market and to keep building on our commitment and promises to our advisers,” White said.
"Brendon and I shared a bold vision when we started, and it's inspiring to see it surpassed. Now is the right time for a new leader to come in and build on our strong foundation."
Smith said, “I’m immensely proud of what the team has achieved and I have a huge level of admiration for our advisers, the businesses they have built and customers they’ve served. It's the dedication that advisers have delivered to clients over a challenging few years that gives me certainty our industry will continue to grow. As I transition to the role of chairman, I am excited to continue working closely with our advisers, and mentoring the new leaders who will carry forward our vision”.
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I have also seen evidence of no branded advisers leaving the G and suddenly their clients are getting marketed to by Loan Market and Ray white, customer personal data security?