Financial Planning Standards Board Ireland DAC
FPSB Ireland is constituted as a Designated Activity Company (DAC) (Financial Planning Standards Board Ireland DAC) with its registered office at 185a Kimmage Road West, Dublin 12.
Under its constitution, it is not permitted to pay a dividend to its members and will be operated with a view to its income just covering its expenditure.
It’s affairs will be directed by a Council or Board of Directors, whose members include leading academics, industry figures and experienced practitioners.
It’s Articles of Association provides for the setting up of a number of committees, the members of which are representatives of various stakeholders in the financial services industry.
Council of FPSB Ireland
Bill Hannan is an actuary by profession. He was Chief Risk Officer at Permanent TSB from 2012 to 2014. He was Group Head of Risk and Compliance at Irish Life & Permanent from 2009 to 2012, where he was previously Group Head of Compliance, and, prior to that, Chief Operating Officer – Retail of Irish Life Assurance. He was until 1999 Deputy Managing Director and Actuary of Irish Progressive Life Assurance Company, where he had worked since 1974 and where his previous role was that of Finance Director and Actuary. He is Chairman of the QFA Board. He is a Past President of the Society of Actuaries in Ireland, of The Insurance Institute of Ireland, and of the Irish Institute of Pensions Management. He is an Honorary Life Member of LIA, a Fellow of the Institute of Banking and a Fellow of the Association of Compliance Officers in Ireland.
Professor Philip Bourke
Philip Bourke is a Senior Academic Advisor in the Institute of Banking.
Prior to this appointment he was Professor of Banking & Finance at University College Dublin and from 1998 until 2004 he served as Dean of UCD Business Schools, comprising the Smurfit Graduate School of Business and the Quinn Business School. During this time, the Business Schools achieved the Triple Crown of Accreditation – AACSB (US), EQUIS (Europe) and AMBA (MBA accreditation). The Smurfit School was also awarded membership of CEMS – the organisation of leading European Schools. Professor Bourke was Director of the Centre for the Study of Financial Markets from 1989 – 2002 and Director of Advanced Management Programmes (Executive Education Division) from 1991 – 2000. From 1984-1986, he was Senior Lecturer in the School of Banking and Finance in the University of New South Wales and Director of the Australian Centre for Banking and Finance. He has written and edited a large number of books and published a number of academic articles in journals such as the Journal of Banking & Finance. His research interests are primarily in the fields of financial institutions and bank regulation. He has also acted as consultant to government organisations and the European Union and lectures internationally in banking and finance.
Professor Bourke holds a BComm, MBS (Finance) and PhD from University College Dublin and an MBA from Boston College.
Pat has been Chief Executive Officer of LIA since 2008. In addition to his role as CEO he is also Company Secretary of LIA. Pat is Director of the Financial Planning Standards Board Ireland DAC and Director & Company Secretary of the QFA Board CLG.
Prior to joining LIA in 2008, Pat joined Bank of Ireland in 1974 and held various positions in the International Group Treasury Division. In 1985 he joined First Active (then First National Building Society) and held the position of Branch Manager until 1996. Throughout the period from 1996-2004 Pat held a number of senior management roles in First Active, including Head of Life & Pensions, Head of Mortgage Operations, Head of Customer Services and Head of Operations.
From 2004-2005 Pat carried out the role of Secretary of the Irish Mortgage Council (affiliated to the Irish Banking & Payments Federation) and in 2005 he was appointed Director-Financial Services with the Irish Brokers Association (IBA). He remained in IBA until he was appointed CEO, LIA in 2008.
Dr. Diarmuid Bradley
Dr Diarmuid Bradley is Programme Director with the Institute of Banking which is a Recognised College of University College Dublin and provides programmes at undergraduate and postgraduate levels. Prior to joining the Institute of Banking Dr Bradley’s career was in the financial services industry. From 1978 to 1986 he was Investment Manager with Allied Irish Investment Bank. Subsequently he became Chief Executive of the Irish Futures & Options Foreign Exchange. From 1992 to 2001 he held a number of positions including Deputy Chief Executive with Permanent TSB Bank, one of Ireland’s leading retail banks. He is a former (2004-2005) President of the Irish Bankers Federation
Willie Holmes has worked in the Life Assurance industry for 44 years, and his active involvement with LIA dates back almost as far. Willie, who is a QFA and a Fellow of the Society of Actuaries in Ireland, joined Irish Life in 1973 as an actuarial student, and spent his career there working across areas such as sales, investments, marketing and administration – ultimately being appointed General Manager in 1990. Willie is a founding member of the Sales Institute of Ireland and has been a Director on a number of Boards, including Financial Planning Standards Board Ireland which oversees the awarding of the prestigious international designation, CERTIFIED FINANCIAL PLANNER™.
During his early career, Willie became a member of LIA and has always been passionate about LIA’s role in the Life Assurance industry. He has been a committed, enthusiastic and very active member of the Association – he was instrumental in the development of the QFA course and, in fact, it was Willie who originally conceived the “Qualified Financial Adviser” name. More recently, Willie has been actively involved in the development of the Retirement Planning Advisers (RPA) course. Willie served on LIA’s Board of Directors from 2009 to 2016, serving as President in 2015.
Michael Dempsey - Company Secretary
The Council of FPSB Ireland has established the following committees:
Operational and CPD Committee
Under its Articles of Association, FPSB Ireland is empowered to make bye-laws to regulate its affairs and to lay down certain codes governing those to whom it may grant CFP certification.
The following are some of the Bye-Laws promulgated to date:
These Bye-laws may be downloaded (in PDF format) by clicking on the relevant links below.
Paul Grimes - Chief Executive
Paul Grimes, CFP, is the principal of Grimes International and CEO of Financial Planning Standards Board Ireland DAC. In his more than 25 years of experience in the financial services arena, he has worked with institutions and clients in Australia, Europe, the Middle East, Africa, Asia and the U.S.
Mr. Grimes lectures in financial planning at a post-graduate level and has been featured in a number of professional publications. He is the current chairperson of FPSB’s European Forum.
Terrie Kennedy - Executive Administrator
As Executive Administrator, Terrie is responsible for providing administrative assistance to the Chief Executive.