FPSB Names 2016 Professional Standards Committee
DENVER, CO – 02 MARCH 2016 – Financial Planning Standards Board Ltd. (FPSB), owner of the international CERTIFIED FINANCIAL PLANNER certification program outside the U.S., named the following seven individuals to serve on its Professional Standards Committee effective March 2016:
- Wessel Oosthuizen, CFP, is the Chairperson of the 2016 FPSB Professional Standards Committee. Oosthuizen has served on the Committee since 2007. He is currently managing director of Verso Wealth (Pty) Ltd. and previously served as the director for the Centre for Financial Planning Law, University of the Free State (CFPL), which provides postgraduate financial planning training and courses to students through in-person and online classes. Oosthuizen also managed the Financial Planning Institute of Southern Africa’s Centre for Professional Development;
- Ken Bishop is the CEO of the National Association of State Board of Accountancy (NASBA)-USA and the NASBA Center for the Public Trust. Prior to ascending to the president and CEO role in January 2012, Bishop served as executive vice president and chief operating officer of NASBA, where he was responsible for leading NASBA’s business and testing operations;
- Carolyn Fallis, CFP, B.Comm, MTax, CPA, CA, is the former director of Professional and Student Affairs at Financial Planning Standards Council in Canada, and is now a professor and program coordinator of Financial Planning at the School of Accounting and Finance at George Brown College;
- Paul Grimes, CFP, is the principal of Grimes International and CEO of Financial Planning Standards Board Ireland Ltd. In his more than 25 years of experience in the financial services arena, he has worked with institutions and clients in Australia, Europe, the Middle East, Africa, Asia, and the U.S. He lectures in financial planning at a post-graduate level and has been featured in a number of professional publications. He is the current Chairperson of FPSB’s European Forum;
- Mark Kordes, CFP, CHFC, CLU, AEP, CAP, is the global head of sales process management of HSBC, based in Hong Kong. Prior to working at HSBC, he served as managing director, head of wealth planning at UBS Financial Services in the United States. Kordes received his Master’s in financial services from the American College;
- Kimmis Pun, CFP, is the managing director of Standard Chartered Bank Singapore, and the former managing director of BNP Paribas Singapore. Pun has served as a speaker and lecturer at universities, academies, public and private seminars, and has extensive management experience in corporate finance and syndication as well as global investment; and
- Malcolm Rodgers, who retired from the Australian Securities and Investments Commission (ASIC) in 2009, served in a variety of capacities as a regulator of financial planning, including executive director, executive director/strategy, and director of policy and markets. In recent years, Rodgers has served as a consultant to the International Monetary Fund, assessing financial sector compliance with principles established by the International Organization of Securities Commissions (IOSCO).
The seven-member committee will develop and maintain competency, ethics and practice standards for the global financial planning profession (as defined by FPSB’s Financial Planner Competency Profile, Financial Planner Code of Ethics and Professional Responsibility and Financial Planning Practice Standards). Other duties and responsibilities include developing, maintaining and modifying FPSB’s certification scheme; monitoring trends in applying or adapting FPSB’s standards and certification requirements and making recommendations to the FPSB Board of Directors for modification or enhancement; advising FPSB’s Board of Directors about the impact of changes suggested by FPSB’s staff or other stakeholders to FPSB standards or certification requirements; and approving policies for FPSB’s certifications to ensure consistency and fair treatment of FPSB member organizations, candidates for certification and certification holders.
“I am pleased with the caliber and diverse composition of the 2016 FPSB Professional Standards Committee, which will enhance FPSB’s ability to establish consumer-centric standards and certification requirements for the global financial planning profession,” said Ian Johnston, outgoing Committee Chairperson and FPSB Board member. “FPSB’s Professional Standards Committee will focus on the evolving global body of knowledge for the financial planning profession, connecting to the global academic community, updating FPSB’s CFP certification requirements, and establishing a framework to promote financial planning as a globally-recognized profession.” FPSB works in conjunction with its member organizations, CERTIFIED FINANCIAL PLANNER professionals and subject-matter experts from around the world to create standards and certification requirements to benefit the consumers of financial planning advice globally. FPSB’s CERTIFIED FINANCIAL PLANNER certification requirements and financial planning standards describe the competency, ethics and professional practice standards that clients should expect when receiving advice from competent and ethical financial planning professionals. For more information about FPSB’s standards and certification requirements, visit www.fpsb.org.
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 – which it owns outside the United States. FPSB has a nonprofit member organization in the following 26 territories: Australia, Austria, Brazil, Canada, Chinese Taipei, Colombia, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Japan, Malaysia, New Zealand, the Netherlands, the People’s Republic of China, the Republic of Korea, Singapore, South Africa, Switzerland, Thailand, Turkey, the United Kingdom and the United States. At the end of 2015, there were 161,821 CFP professionals worldwide. For more, visit fpsb.org.