The Financial Services Council has appointed David McLean as its new Independent Chair, succeeding Rob Flannagan who has been in the role for more than a decade.
FSC Chief Executive Kirk Hope welcomed McLean saying he brings “…a wealth of governance experience and a strong background in the financial services sector that will be of significant benefit to the FSC and our members.”
Hope also acknowledged Flannagan for his “…exceptional leadership, commitment, and contribution during an outstanding tenure of more than 10 years as Independent Chair”.
“On behalf of the FSC Board, members, and the wider industry, we extend our deepest thanks to Rob for his dedication and vision throughout his time as Chair. His contribution leaves a strong legacy that has shaped the direction and impact of the FSC over the past decade.”
McLean said that financial services underpin New Zealand’s economic resilience and contribute directly to the financial wellbeing of New Zealanders – through retirement savings, life and health insurance, and strong capital markets.
“I am pleased to accept the appointment as Independent Chair … and look forward to supporting outcomes that benefit both the industry and New Zealanders.”
…McLean retired after seven years as CEO of Westpac NZ in June 2021 having had a career as a lawyer and banker…
The FSC adds that McLean is the Chair of the New Zealand Memorial Museum Trust, which has established Te Arawhata, the NZ Memorial Museum in Le Quesnoy, France.
His other roles include Chair of Kiwi Group Capital, Weel Holdings Pty, and he’s a member of the Council of Te Herenga Waka - Victoria University of Wellington.
McLean retired after seven years as CEO of Westpac NZ in June 2021 having had a career as a lawyer and banker. He is a former chair of KiwiRail, the NZ Bankers Association, Champions for Change, and a former chair, and Distinguished Fellow, of INFINZ.