|        About Good Returns  |  Advertise  |  Contact Us  |  Terms & Conditions  |  RSS Feeds

NZ's Financial Adviser News Centre

GR Logo
Last Article Uploaded: Tuesday, May 17th, 8:01PM



Sovereign loses distribution boss

The changes continue at Sovereign with one of the executive leadership team leaving.

Friday, September 2nd 2016, 6:00AM

Sovereign chief distribution officer Richard Klipin is  leaving the company, after joining it less than a year ago. His departure comes as the insurer conducts a shake-up of its senior management team, which is expected to affect at least five roles.

Kiplin has been highly-regarded by advisers and the various dealer groups in the market. 

The role of chief distribution officer is part of the Executive Leadership Team at Sovereign and has a strong focus on the strategic direction of the business. Klipin has been the leader and mentor to the distribution team and was responsible for strategic growth across the key channels. These include adviser, bank and corporate market segments.

In a fast changing market and environment the CDO role has a key role to lead, drive and grow the business whilst nurturing key relationships and mentoring staff. It is an exciting role in a market leading business.

His previous roles included running a group in Australia, Millennium3, as well as being the chief executive of the Association of Financial Advisers - Australia's equivalent to the IFA and PAA.

Millennium3 is one of the largest Financial Planning licensees in Australia with 420 advisers in 290 practices.

Sovereign said, in a statement, Klipin was to pursue other opportunities.

"Richard has led our distribution team with a strong focus on re-engaging with the market. He has also driven a number of key initiatives within the business."

While it looks for a replacement, the distribution team will report directly to Sovereign's new chief executive, Nick Stanhope.

Klipin finished on August 31. 

Sovereign has also appointed its chief officer of health business, Len Elikhis, to the role of chief product officer.



Tags: Sovereign

« Weaver leaves MJWSimon Fisher takes on CEO role »

Special Offers

Comments from our readers

No comments yet

Sign In to add your comment



Printable version  


Email to a friend

Wednesday, May 25th 2022
RBNZ Monetary Policy Statement (MPS)

Monday, May 30th 2022
Best of Breed Research Tour

Tuesday, June 14th 2022
Future Ready Advice Summit 2022

Tuesday, June 28th 2022
Mindful Money Awards 2022

Wednesday, July 13th 2022
RBNZ Monetary Policy Review (MPR)

Monday, July 25th 2022
Brightstar 18th Annual Financial Markets Law Conference

Wednesday, August 17th 2022
RBNZ Monetary Policy Statement (MPS)

Wednesday, September 21st 2022
FSC Conference 2022

Thursday, September 22nd 2022
FSC Conference 2022

Wednesday, October 5th 2022
RBNZ Monetary Policy Review (MPR)


News Bites
About Us  |  Advertise  |  Contact Us  |  Terms & Conditions  |  Privacy Policy  |  RSS Feeds  |  Letters  |  Archive  |  Toolbox  |  Disclaimer
Site by Web Developer and