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PAA picks new CEO

The Professional Advisers Association (PAA) has appointed former head of the Retirement Villages Association, Edward Richards, as its new chief executive.

Thursday, July 16th 2009, 12:30PM

by David Chaplin

Richards replaces former PAA chief, Dave McMillan, who resigned in June to take up a position with insurance advisory group The National Partnership.

Richards, who has been out of the workforce for several years, has also worked with other industry groups and lobbied government on policy issues as well as running his own business.

According to Peter Leitch, PAA president, while Richards has no insurance industry experience - other than as a consumer - his background in running a membership body was considered a key strength.

"[Richards] has a steep learning curve [to come to grips with the insurance industry]," Leitch said. "But it was important for us for the chief executive to have member association experience. He has that membership orientation and also the wherewithal to interact with the government on regulatory and policy issues."

He said the PAA was happy with the number and quality of candidates applying for the CEO role, which was a broad mix of insurance industry insiders and others from different disciplines.

Richards starts with the organisation on August 1 before embarking on a PAA national roadshow on August 3.

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