The Financial Planning Association (FPA) has named the two independent directors who will be replacing the outgoing Kathryn Greiner and David Elsum.
Investment banker, Bruce Foy, and communications/marketing consultant, Rob Gerrand, will take up their new roles when the FPA board meets for the first time this year in February. Corinna Dieters, FPA chair, said the two independent directors were chosen because of the complementary skills they bring to the board. “FPA’s corporate governance and strategic management will be substantially strengthened by the combination of experience brought to us by Bruce and Rob,” Dieters said in a statement yesterday. However, the FPA has not released any details about its search for a new chief executive following the resignation of Kerrie Kelly, who is scheduled to finish up in March, six months shy of fulfilling her initial three-year contract. Kelly abandoned the FPA early to take up a position as executive director of the Insurance Council of Australia.
The $34 billion Brighter Super is set to shift around $10 billion of assets from passive to active management. Chief investment officer Mark Rider says the move is possible because of scale created by mergers, and the fund will be looking to its newly appointed active managers to generate performance through the cycle by taking idiosyncratic risks.
Darcy SongJanuary 21, 2025
