After a 45 year career in finance Felix Stephen is to step down from his role as head of strategy and research at Advance Asset Management.

Stephen’s last day will be Thursday, April 30, after which he plans to spend more time working for the Volunteers to Assist Children with Disabilities charity he started with his wife in Sri Lanka.

A frequent public speaker in his 11 years at the BT Financial Group he also contributed a weekly podcast that gave a catch-up on markets.

In a message to colleagues and friends announcing his retirement, Stephen promised to retain a part-time involvement in the banking and financial industry.

In it he wrote: “I wish to place on record my heartfelt thanks and deep appreciation to those who believed in me, inspired me, counselled and coached me and most of all offered me true and lasting friendship which has enabled me enjoy my professional career and in the process become a better person.”

In other moves, Melanie Willis has stepped down from her role at as chief executive of NRMA investments. Her role is being replaced by Ed Debenham, who has the title executive general manager of strategy and investments.

Willis is now looking to build a portfolio of non-executive director roles.

Lastly, Charles Wu has left Media Super, where he was investment manager.