IFA gets new president

The Institute of Financial Advisers (IFA) has appointed Nigel Tate as its new president.

Friday, May 14th 2010, 2:50PM

Current president Lyn McMorran, who has held the post for the past two years, decided not to offer herself for re-election.

Hamilton-based Tate is an ex-National Mutual adviser who has extensive experience in all core aspects of financial planning.

He served as Waikato IFA branch chair from 2005 to 2007, chaired a review of the IFA Code of Ethics and Practice Standards in 2006, and was an IFA board member from 2006 to 2008.

"Nigel is committed to raising the educational levels and practice standards of our profession and would like to see the IFA take a leading role in assisting the regulators to get it as close to right first time as possible," chairman Phillip Meyer says.

Board directors Jordi Garcia and Neville Caird have been re-elected for a second term. Liz Koh was also appointed as a new director to the board, filling the vacant position left following Nigel Tate's election as president.

Liz Koh is a chartered accountant, a certified financial planner and holds a Master of Social Sciences in Economics as well as a Graduate Diploma in Business Studies. Koh is a keen property investor, a former chair of the Institute of Chartered Accountants Wellington branch Financial Services Special Interest Group and a volunteer with Business Mentors New Zealand.

Meyer was also appointed independent director of IFA. McMorran says the board agreed unanimously to recommend to Council that Myer be re-appointed in view of his outstanding contribution to the board in the past two years.

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