Appointment of FSF Executive Director

Media release

20 March 2012

Appointment of FSF Executive Director

Following the resignation of Kirk Hope who is leaving to take up the role of chief executive of the New Zealand Bankers’ Association, Lyn McMorran has been appointed as executive director of the Financial Services Federation (FSF).

Rob Zubielevitch Director Sales and Business Development GE Capital and Chair of the FSF says “we are pleased to have appointed Lyn to this role as she has a strong background in financial services and in advocating for a balanced approach to regulation to ensure the interests of consumers and business alike are upheld.”

Lyn was most recently Area Manager Central for Westpac’s Private Bank and is the immediate past President of the Institute of Financial Advisers of NZ. As such she has been involved in helping to develop and implement regulation of financial advisers to ensure the consumers of New Zealand have access to professional and personalized financial advice.

Lyn McMorran says “I am very excited about the opportunity this role offers in continuing the good work of the Federation in providing the NZ economy with strong well run finance companies. The Federation has an excellent history of professional advocacy, developed over a long period by Kirk Hope and his predecessor Justin Kerr. The Federation’s development of Responsible Lending Guidelines for its members to adhere to particularly fits with my philosophy of informed consumers and a responsible financial services sector.”

There continues to be much work being done in the regulatory space directly affecting the way in which financial services are run in New Zealand. The FSF will be a key player in determining the way forward so that the New Zealand economy and consumers continue to be well served by its financial services sector.

Ends

About the Financial Services Federation

The Financial Services Federation is an incorporated society that has represented New Zealand’s non-bank financial sector since 1965. Today the Federation represents 36 members including finance and leasing companies, and auto financiers. The non-bank financial sector provides investment and lending opportunities for over 1.2 million New Zealanders. The Financial Services Federation promotes a healthy, competitive non-bank financial sector by providing a forum for members to interact and engage with government and private sector organisations on issues of importance to the sector.

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