FPSB NAMES REGULATOR AND LARGE FIRM, EMERGING MARKET LEADERS TO 2010 BOARD OF DIRECTORS; STRENGTHENS GOVERNANCE MODEL DUBLIN, IRELAND – 11 November 2009 – At its semi-annual meeting in Dublin, Ireland, Financial Planning Standards Board Ltd. (FPSB), owner of the CFP, Certified Financial Planner and CFP Logo marks outside the United States, demonstrated its commitment to engaging stakeholders in FPSB’s mission by naming four external directors to its governing body.
FPSB named Peeyush Gupta (Australia) and Luiz Maia (Brazil) to three-year terms and Steve Helmich (Australia) and Ian Johnston (Dubai) to four-year terms on FPSB’s Board of Directors, starting 1 April 2010.
The FPSB Board named current board member Karen Schaeffer, CFP, FPSB’s Board chairperson-elect in 2010, a position that involves Schaeffer serving as 2010 Chairperson of the FPSB Council, an advisory body of the FPSB Board. Additionally, FPSB voted to extend Board member terms from three to four years to allow incoming directors more time to understand and strategically address FPSB’s global business environment, and approved language in FPSB’s bylaws to allow future Boards to increase the number of directors up to a maximum of 12, as needed. (Previously, the Board had consisted of a maximum of nine voting members.) “As the environment for financial planning becomes increasingly integrated globally and more complicated, FPSB needs to ensure it has a diverse, experienced and talented group of directors to guide FPSB’s mission to benefit the public,” said Corinna Dieters, 2010 FPSB Board Chairperson. “With a vision to establish financial planning as a recognized global profession, FPSB needs to be able to draw on the wisdom and experiences of our directors as we engage regulators, consumer protection groups, financial services firms and other stakeholders around the world, in emerging, developed and mature financial marketplaces.” New board members
Peeyush Gupta co-founded Ipac Securities in Australia 26 years ago, served as its chief executive officer for 13 years and now serves as a strategic adviser for the firm. Ipac Securities has grown into one of the largest integrated financial planning and portfolio management firms in Australia with a presence in Chinese Taipei, Hong Kong, New Zealand, Singapore and South Africa. For nearly a decade, Steve Helmich has served as director of financial planning, advice and services for AMP Limited in Australia, one of the country’s largest investment managers. He is responsible for all of AMP’s person-to-person financial planning licensees, which includes nearly 700 CFP professionals. In 2006, Ian Johnston joined the Dubai Financial Services Authority (DFSA) as deputy chief executive and managing director. He is responsible for regulatory policy, enforcement of financial services laws and provision of legal services. Over the past 10 years, he has held executive committee or commissioner level positions with three internationally respected regulatory authorities: Australian Securities and Investments Commission, Hong Kong Securities and Futures Commission and DFSA. Luiz Maia is president of Instituto Brasileiro de Certificação de Profissionais Financeiros (IBCPF), FPSB’s Affiliate in Brazil. In 2008, he founded Tripod Investments, a private equity and venture capital firm, to promote and finance the growth of sustainable business in Brazil. Since 2002, Maia has served as vice president at the Brazilian Association of Investment Banks (ANBID) overseeing certification and coordinating commissions of private equity, real estate and securitization funds.
2010 chairperson-elect
Karen Schaeffer, CFP, FPSB’s 2010 chairperson-elect is a managing member and co-founder of Schaeffer Financial LLC, a financial consulting firm in suburban Washington D.C. In addition to serving currently on the FPSB Board of Directors, she also served as the 2007 chairperson of U.S.-based Certified Financial Planner Board of Standards Inc. Schaeffer will chair the 2010 FPSB Council meetings, gatherings of FPSB’s 23 financial planning member organizations, and serve as FPSB board chairperson in 2011. “I am confident that the changes made to FPSB’s governance structure, and the addition of new Board members of the caliber of Peeyush Gupta, Steve Helmich, Ian Johnston and Luiz Maia, will greatly enhance FPSB’s ability to benefit the public and serve as the preeminent global standards-setting body for financial planning for years to come,” added Stephen O’Connor, CFP, 2009 FPSB Board Chairperson. About FPSB
Celebrating its fifth anniversary on 1 December 2009, FPSB manages, develops and operates certification, education and related programs for financial planning organizations to benefit the global community by establishing, upholding and promoting worldwide professional standards in financial planning.
FPSB demonstrates its commitment to excellence with the marks of professional distinction – CFP, Certified Financial Planner and CFP Logo Mark. Territories where FPSB has a nonprofit member organization include: Australia, Austria, Brazil, Canada, Chinese Taipei, France, Germany, Hong Kong, India, Indonesia, Ireland, Japan, Malaysia, New Zealand, the Netherlands, the People’s Republic of China, the Republic of Korea, Singapore, South Africa, Switzerland, Thailand, the United Kingdom and the United States. For more, visit fpsb.org. |
