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MFAA Prosper : Mortgage and Finance Brief 13
Mortgage & Finance brief 25 Martin Wanless: You’ve recently been appointed to the MFAA board as its first independent Director. Can you tell us a bit about your background? Corinna Dieters: I’ve been involved in financial services, primarily financial planning, since 1989/90, and I’ve worked in the management side of businesses, so I’ve run financial planning businesses, and dealt with regulation at an operational level. When I was chair of the fPA [financial Planners Association] I didn’t do any other work for the last six months, to finish off my time with the fPA and figure out what I wanted to do. I took on another board appointment and now also do some consultancy work [with seaview Consulting, a company run by Corinna and her husband]. MW: So what sorts of things take up your time at present? CD: A combination of consulting and the board positions. I am the Chair of the financial Planning standards board, which is a standards setting board again for financial planning, and I have another six months there, and I am also on a charitable board in the disability sector. That’s an interesting one too, because again it’s about the strategy but it’s a different sector, and it’s been growing quite significantly. Their turnover is about $53m, which is quite a sizeable operation. MW: How did the involvement with the MFAA actually come about? CD: I was on the fPA board with sarah brennan, who did the strategic review for MfAA. she recommended me to Joe [sirianni, former President of MfAA], because they were looking for an independent director with experience in the sector, and also someone who could think more long term. I subsequently had talks with Joe and then Phil [naylor, MfAA CEo] and steve Kane [MfAA Chair] and we took it from there. MW: There are certain parallels with what happened in the financial planning sector a few years ago and what’s happening in mortgage broking now. Did that influence your decision? CD: To an extent, yes, and part of the appeal was because it is slightly different to what I’ve known, while still being a sector that is relatively close to what I do know. While the issues that are facing the mortgage sector are very similar in terms of things that affected the financial planners, you have to be careful not to think, “oh well, seen it, heard it, read it, so the same solution applies,” because it doesn’t. however, there is a lot of historical context on how things may play out, and I can draw on experience from the fPA. The other thing that attracted me to the MfAA is that, as an association, it has the confidence and authority to take PhoToShANNoNMoRRIS
Mortgage and Finance Brief 12
Mortgage and Finance Brief 14