The board of Financial Advice New Zealand has officially announced the appointment of Tony Dench (pictured above) as the interim chief executive officer, replacing the outgoing Katrina Shanks.

Dench is set to assume the role from Nov. 13, while the board initiates the search for a permanent CEO.

With nearly two decades of experience in the New Zealand financial sector, Dench has established a strong presence, having been actively involved in financial services and banking for almost 20 years. His background includes a five-year tenure as the leader of the SHARE and Newpark group of financial advisers, a position he held until the conclusion of 2022.

According to his LinkedIn, Dench is a Chartered Accountant, a Chartered Member of the Institute of Directors and is currently an independent director of several other companies.

This strategic appointment aims to sustain the organisation's growth, further support New Zealanders' financial comprehension, wealth, and overall well-being, while ensuring continuity in member services until the selection of a permanent CEO.

“We are fortunate to have incredible people advocating for the work we do in supporting financial advisers and informing consumers how to access quality financial advice. The board is delighted Tony brings his expertise to the association as we search for a permanent CEO,” said Heather Roy, Financial Advice NZ board chairperson.

Outgoing CEO Katrina Shanks will assume her new role as chief executive of the Australian and New Zealand Institute of Insurance and Finance on Jan. 8.

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