FAMNZ boss leaves

Finance and Mortgage Advisers Association of New Zealand (FAMNZ) and Finance Brokers Association of Australia (FBAA) managing director Peter White is leaving once a successor is found.

White, who has more than 45 years in the finance industry, has been with the 14,000 member FBAA for 23 years, starting out as a volunteer before moving to senior leadership roles, including national president, before becoming managing director.

He set up FAMNZ in early February 2024 as a branch of FBAA. Leigh Hodgetts was appointed country manager to build membership, focus on advocacy, engage with regulators and boost adviser standards.

FAMNZ started taking membership applications two months later and when Hodgetts resigned from the role at the end of July last year, FAMNZ had about 100 members.