Matthews has been CEO for the past five years and is leaving to pursue other business interests.
FPIA president George Elkington says the hunt is on for a replacement. “There’s a lot of things going on for the organisation - bucketloads, in fact,” he says.
Matthews was CEO from the association’s inception and Elkington says he made a considerable contribution in that role.
“The board gratefully acknowledges the efforts of Matthews in progressing the FPIA from its beginnings to a position where the association can embrace impending regulation with confidence.
“I’ve enjoyed working with Phillip and we wish him all the best and good health for the future.”
Matthews himself says he is taking a short break and will pursue other business interests.
“It is time for a change,” he told Good Returns yesterday. “I feel like I need to do something different.”
The regulatory issues raised by the recently completed Task Force on Financial Intermediaries had dominated the past couple of years.
“We’ve gone through that regulatory debate, we’ve got a good outcome from the industry’s point of view. It’s unfortunate it’s been put on hold [by the government] for a couple of years.”
The current debate on how investments are taxed “should keep the industry focused,” he says.
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