Financial Advice NZ CEO: Dodds vs Severn?
Chief executives of both the Institute of Financial Advisers and the Professional Advisers Association are putting their hands up to lead Financial Advice New Zealand.
Wednesday, February 21st 2018, 6:00AM 
2 Comments
by Susan Edmunds
The new professional association, which is still in the planning phase, is advertising for a chief executive.
“Given the importance of this role in driving direction and delivering on the key objectives of advocacy, standards and promotion, we have appointed an external consultant, Jackson Stone, to ensure a robust, professional and transparent recruitment process. We are anticipating strong interest in this role both from within and external to the founding bodies,” it said in an email to stakeholders.
The process of looking for a chief executive is expected to take two to three months. An appointment should be announced by May 15.
PAA chief executive Rod Severn said he would apply for the role. "Of course I am!"
His counterpart at the IFA, Fred Dodds, agreed. “We’ve been on the journey so long,” he said. “If you’ve spent all this time building a car why wouldn’t you want to go for a drive in it?”
He said he did not know yet where the new association would be based. The advertisement for the role says it can be based in either Auckland or Wellington.
Severn is Auckland-based while Dodds is in Wellington.
Dodds said it was possible that the association could have a presence in both cities for a while.
David Yates, who heads up NZFAA, the third party to the Financial Advice NZ establishment process, was approached about his intentions for the role.
The ad for the role says the new association will have a combined membership of 1800 and will build and promote the benefits of sound, strong professional financial advice.
“As inaugural chief executive, you will build a credible strategy and vision supportive of Financial Advice NZ evolving into a leading professional body. You will establish, develop and manage relationships across a broad range of stakeholders against a background of complexity, risk and opportunity, driven by regulatory and technological advances, and membership needs.
A true leader, you will be comfortable working across a broad spectrum from policy development to strategic and operational execution. You will be practised in dealing with ambiguity and a capable and effective communicator and spokesperson, comfortable in leading debate, resilient and attuned to the nuanced expectations of your stakeholders including the public.”
The successful candidate was likely to have a senior background in financial services, it said. Applications close March 11.
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Comments from our readers
No, no and no. I don’t believe there is a conspiracy here Murray. Just reporting on two individuals who have indicated their intentions. No reds under the beds here. As they say about politics; you have to be in to make a difference. No point throwing stones from the outside.
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Are you really discounting any dark horse (or a blond or a red-head horse) who might emerge from out of nowhere and scoop the top job?
Could the messaging about all the new things that Financial Advice New Zealand is going to do be signalling that the Establishment Board thinks that the existing organisations merging have been deficient in the past? Just wondering......