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Relationship with ASIC ‘top priority’, says MFAA

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Relationship with ASIC ‘top priority’, says MFAA

James Mitchell 2 minute read

The industry association says its ongoing search for a new CEO will not affect its “solid relationship” with ASIC in relation to the broker remuneration review.

The MFAA announced late on Friday that De Jager Executive Search has been appointed to manage the search for its new CEO.

“The application process is open to MFAA employees, members and external candidates. De Jager will review all applications and provide a short list to the board for evaluation,” the MFAA said in a statement.

“We’re committed to investing time and careful consideration into this appointment, to ensure we identify the right person for the job,” MFAA chairman Cynthia Grisbrook said.

“The timing of this appointment does not affect the solid relationship that the MFAA has with ASIC, particularly with relation to the Broker Remuneration Review. Brokers can be assured that a close involvement with ASIC as part of this review remains a top priority for the MFAA.”

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In June Siobhan Hayden stepped down as chief executive of the association, which provided little explanation of her sudden departure other than citing “strategic differences”.

Stephen Bisgrove, Evan Thomas and Stephen Hale — who are part of the leadership team — now jointly lead the organisation while the search for a new CEO takes place.

[Related: ASIC targets 50 broker groups in commissions probe]

Relationship with ASIC ‘top priority’, says MFAA
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James Mitchell

James Mitchell

James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.

He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.

He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.

James holds a BA (Hons) in English Literature and an MA in Journalism.

 

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