Financial Advice NZ appoints new chairman

After four and a half years as chair, Heather Roy, is stepping down from the Financial Advice NZ board.

Wednesday, June 11th 2025, 7:08AM

Director Tiumalu Peter Fa’afiu, who has served two years on the board, has been appointed to the role of Independent Chair and continues to provide a consumer perspective to the board.

“It is now time for me to pass the baton to someone I know is going to take the association through its next phase,” Roy says.

“Peter’s time on the board has given him the experience and understanding of the particular nuances of the financial advice sector to lead the board into a new era. I wish him, the board, and the professional association every success in the future.”

Fa’afiu said he is looking forward to leading the association and continuing to champion the role of financial advice in New Zealand.

"I look forward to continuing to work with the board and support our chief executive Nick Hakes and his team in executing our strategic plan and strengthen our position in the community as an adviser-driven, high-engagement professional body,” Fa’afiu said.

“Now is a perfect time for building new pathways for Kiwis to obtain financial advice to help manage their financial wellbeing now and in the future.”

The board is advertising for a new independent director.

Tags: Financial Advice NZ Heather Roy