The chief executive of the Chartered Institute for Securities & Investment has announced his departure from the role.
Simon Culhane will step down in September after 18 years in the role.
Culhane was appointed chief executive in 2004 of the Securities Institute, which under his leadership has become a professional body for the wealth, financial planning and capital markets sectors.
The institute has 26,000 fully qualified members in 75 countries, and employs 110 staff in its London headquarters.
It awards chartered qualifications to its adviser and wealth manager members, including a Level 6 qualification for financial planners launched in recent years.
Culhane said: “It has been a real honour and privilege to hold this position, for what will have been 18 years which have gone by in a flash. I feel that now is the right time to step down, after we celebrate our 30th anniversary this year.”
The board has already begun the search for Culhane’s successor.
Michael Cole-Fontayn, chairman of the CISI said the board of trustees recognises the “significant contribution and dedication” Culhane gave to the institute.
“Today, the CISI is a resilient and financially secure global body, which is widely respected by regulators and firms for its professionalism, qualifications, continuing professional development and focus on integrity,” he said.
“Simon has been instrumental in the growth of our global community of members and has built many important relationships around the world which contribute to its success; therefore, it would be our intention to engage Simon in an international ambassadorial role for an appropriate period.”
Earlier this year, the institute announced plans to launch initiatives to help members recruit, train and retain planners and paraplanners this year.
Sally Plant, head of financial planning at the CISI, told FTAdviser that the Institute wanted to make “2022 a year to apply some planning theories to ourselves".