NZFSG CEO to become group chairman

Group asserts intention to explore opportunities around digitisation

NZFSG CEO to become group chairman

New Zealand Financial Services Group has announced a transition in leadership as the current CEO Brendon Smith (pictured) moves to the position of chairman effective June 30, 2024 in a “significant leadership evolution”.

The group applauded Smith’s leadership, including leading in the time of a merger and reaching up to one million customers. It is now interviewing candidates for CEO as well as the position of director of loan market for NZ.

Sam White, executive chairman of NZFSG and LMG, said Smith’s transition would fortify its goals toward expansion and innovation in the financial services industry, particularly in exploring the digital world.

“Brendon and I shared a bold vision when we started, and it’s inspiring to see it surpassed. Now is the right time for a new leader to come in and build on our strong foundation,” said White. “His transition to chairman is not just a new chapter for him but also for NZFSG as we continue to expand and innovate in the financial services industry. We are keen to help grow the adviser share of the NZ mortgage and insurance market and to keep building on our commitment and promises to our advisers.”

“I’m immensely proud of what the team has achieved and I have a huge level of admiration for our advisers, the businesses they have built and customers they’ve served. It’s the dedication that advisers have delivered to clients over a challenging few years that gives me certainty our industry will continue to grow. As I transition to the role of chairman, I am excited to continue working closely with our advisers, and mentoring the new leaders who will carry forward our vision,” said Smith.

White will be working closely with Smith to integrate the new leadership team, the news release said.

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