FSC Chair steps down

Geoff Lloyd
GEOFF LLOYD
Financial Services Council - Chair
DEPARTURE
FINANCIAL SERVICES COUNCIL
Date: November 2020
Position: Chair

Financial Services Council chair Geoff Lloyd has stepped down from his position after more than four years at the head of the industry body.

The move follows Lloyd's resignation from MLC Wealth following its acquisition by IOOF.

"It has been my privilege to lead the FSC as Chairman over the past four years during this period of unprecedented reform," Lloyd said. "We have experienced many industry-changing events during this time which have provided the FSC, its members and their clients with numerous challenges and importantly opportunities.

"We have steered the organisation through the Royal Commission into Misconduct in the Banking and Financial Services Sector acknowledging deficiencies and driving meaningful change for those our member organisations serve."

FSC deputy chair David Bryant, CEO of Mercer Australia, has been elected as the organisation's new chair.

"Geoff's leadership has been integral in helping the industry navigate substantial headwinds and a period of unprecedented change; change that is for the benefits of Australians and for our members who serve them," said Bryant. "Geoff has encouraged a collaborative approach to tackling issues and can be very proud of where the FSC is today."

FSC CEO Sally Loane also thanked Lloyd for his service. "Geoff has supported me and the team unconditionally as we have developed sound policy and advocated successfully for our members and their clients during these extraordinary times."