The Personal Finance Society (PFS), the professional body for the financial planning profession in the UK, has announced that it will recruit an interim CEO, ahead of the recruitment of a full-time CEO in 2023.
The new executive role will provide executive leadership as the professional body works to evolve its working practices, to “better meet” its members’ interests.
The board of PFS unanimously agreed to commence the recruitment process. Once a permanent CEO has been appointed, the interim CEO will work with them to ensure a “smooth” transition in leadership.
Recruitment of the interim CEO will be undertaken using a professional consultancy after a service tender and it is anticipated that the chosen individual will be in place before the end of summer 2022.
The role of PFS CEO was dissolved by the former CEO of the Chartered Insurance Institute (CII) in June 2021. Over the last year, the PFS has worked with the CII to establish the “most effective way” to manage the organisation.
Sarah Lord, president of the PFS, said: “It has become clear that the best way to represent and advocate the PFS members’ interests and preserve and protect its assets and deliver tailored member support is through the appointment of a full-time executive CEO role.
“Our members provided feedback supporting the need for a dedicated executive championing their interests within the CII’s ‘Shaping the future together consultation’ last year. The CII executive is supportive too. This is why we are commencing an executive search process immediately and will appoint an Interim CEO in the first instance.”