Klipin says it has been “a huge decision” and that he wanted to acknowledge the contribution of all those involved in the organisation during his tenure.

“They have enriched this journey and helped the FSC become large, valued and relevant.”

Klipin has been in the role for more than seven years, having moved his family to New Zealand to take up the position, and he and his family are now all NZ citizens, and “proudly so,” he says.

However, they did retain their green and gold passports as well, and the family has already moved back to Sydney with Klipin to follow when he is able.

“Seven-and-a-half years is a pretty good hit-out. It's a really good innings and it's time to hand on the baton,” Klipin says.

FSC chair Rob Flannagan says the organisation thanks Klipin for his leadership and contribution to the wider financial services sector.

“Under Richard's leadership over the past seven years we've developed from a small organisation of 29 members to one that now has 119 and is living its purpose as the clear voice of the financial services sector and growing the financial confidence and wellbeing of New Zealanders,” Flannagan says.

“Richard has led this renewal in vision, strategy and purpose and his strength as a community builder is evidenced by the active involvement of over 540 volunteers across the many FSC committees, forums and working groups,” he says.

“Richard is leaving the FSC in great shape with a new strategic plan and a 'blueprint for growth' policy platform that unites the sector and has support and backing from government and regulators.”

The board will start a search process for a new CEO shortly.