Association of Financial Advisers (AFA) CEO Richard Klipin has resigned to join ANZ Wealth as CEO of subsidiary Millennium3.

He will leave the AFA in February after seven years in the role. Treasurer and immediate past president Brad Fox will step in as interim CEO until a replacement is found.

ANZ Head of Practice-Based Financial Planning Neil Younger says Mr Klipin will be responsible for strengthening Millennium3’s position in the advice industry and guiding the business through significant regulatory changes.