Griffith academic appointed to new financial ethics authority

Griffith BusinessSchool (GBS) continues to be at the forefront of responsible leadershipwith a Griffith academic appointed to the Federal Government’s new Financial Adviser Standards and Ethics Authority (FASEA).

Professor Mark Brimble, the Discipline Head of Finance and Financial Planning at GBS, is the only academic appointed to the Authority which was established in March by Federal Minister for Financial Services Kelly O’Dwyer.

FASEA will oversee the conduct of professionals in the financial advice sector, by setting mandatory educational and training requirements, developing and setting an industry exam, and creating a Code of Ethics that all advisers must adhere to.

Proud appointment

Professor Brimble said he was proud and privileged to be considered for a directorship and wasted little time in accepting.

“There is no better way to teach the financial planners of tomorrow about responsibility and ethics than by having a say over the standards-making procedures.

“Being on the FASEA Board allows me the scope to help formulate best practice policy and to communicate the needs and wants of the graduates coming out to the financial planning workplace,” Professor Brimble said.

A Griffith business graduate himself, Professor Brimble spent time in the banking sector before returning to academic life.

Education remains key

He’s been an ardent advocate of financial planning education through his workasChair of the Financial Planning Education Council and as a member of the Professional Planner Advisory Board.

“The industry has been through some rough times with a number of rogue operators slipping through the net.

“Now, with FASEA overseeing the governance of the entire sector, there is a welter of knowledge and experience ensuring higher standards which will help restore public trust.

Professor Brimble said his appointment to FASEA aligns perfectly with the fundamental tenets of GBSin teaching graduates social responsibility and innovate leadership.

“Our graduates leave us with a full understanding of what’s required but like all industry sectors, ongoing training and periodic assessment will help sharpen their skills.”