Financial Services Council (FSC) chief executive Sally Loane has announced she will be stepping down from the position after seven years with the organisation.
The FSC stated Loane is set to depart from the role at the end of 2021, with FSC chairman David Bryant saying she has been a strong leader throughout unprecedented change.
“Sally strengthened the FSC’s contributions in a range of important policy areas – for our industry and the consumers we serve; supported our members as they sought to undertake an extensive program of regulatory change; and expanded the FSC’s membership and engagement across what is a broad industry,” Bryant said.
“We thank Sally for her contribution over the past seven years and wish her every success in the next stages of her career.”
Loane said she felt privileged to lead the FSC and its members across superannuation funds, funds management, life insurance, advice licensees and trustee companies.
“I am proud to have led a team which proactively develops policy reforms to assist our members; reforms which are beneficial for consumers of financial services and which have helped restore trust in our sector,” she said.
“I want to acknowledge and thank my chairman David Bryant, former chairs Geoff Lloyd and Greg Cooper, FSC directors, deputy chief executive Blake Briggs and my entire team for their support and counsel over the years.”
Additionally, she highlighted the equality initiatives undertaken by the FSC during her time as chief executive.
“I have enjoyed working collaboratively with industry organisations here and overseas, regulators, politicians, government bodies and important stakeholders like consumer bodies, mental health leaders and the medical community,” she said.
“I am proud of the funds we raised over five years with our members to support First Nations Foundation’s work in Aboriginal communities.
“If one learning stands out, it is how financial independence is a life-changing factor for women, and the role has given me the opportunity to communicate this message.”
Loane’s successor has not yet been named, with the FSC board still undertaking a search for a new chief executive.