FINSIA
Encyclopedia
Finsia – Financial Services Institute of Australasia (Finsia) is a membership association for financial services professionals in Australia
and New Zealand
. Finsia was formed in 2005 by the merger of the Australasian Institute of Banking and Finance (AIBF), founded 1886 and the Securities Institute of Australia (SIA), founded 1966. In 2007, Finsia members voted in support of a Board recommendation to sell the education business to Kaplan Inc for $36 million.
Today, the organisation has approximately 16,000 members and is one of the largest financial services organisations in the region. It aims to help members succeed in their careers through the provision of relevant and high quality professional development programs, a comprehensive suite of career support services and an extensive range of industry-leading information resources and publications. Finsia also plays a vital role in protecting the industry’s strength and competitiveness through its leadership, advocacy and policy-setting initiatives.
Russell Thomas F Fin is Finsia's CEO. Finsia is governed by a Board of Directors. The Board is responsible for the overall corporate governance of Finsia, including its corporate planning.
Finsia – Financial Services Institute of Australasia is an unlisted public company
, limited by guarantee and not having a share capital. Finsia Education is an unlisted public company, limited by guarantee and not having a share capital. It continues to operate for Finsia transactions following the sale of the education business to Kaplan.
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
and New Zealand
New Zealand
New Zealand is an island country in the south-western Pacific Ocean comprising two main landmasses and numerous smaller islands. The country is situated some east of Australia across the Tasman Sea, and roughly south of the Pacific island nations of New Caledonia, Fiji, and Tonga...
. Finsia was formed in 2005 by the merger of the Australasian Institute of Banking and Finance (AIBF), founded 1886 and the Securities Institute of Australia (SIA), founded 1966. In 2007, Finsia members voted in support of a Board recommendation to sell the education business to Kaplan Inc for $36 million.
Today, the organisation has approximately 16,000 members and is one of the largest financial services organisations in the region. It aims to help members succeed in their careers through the provision of relevant and high quality professional development programs, a comprehensive suite of career support services and an extensive range of industry-leading information resources and publications. Finsia also plays a vital role in protecting the industry’s strength and competitiveness through its leadership, advocacy and policy-setting initiatives.
Russell Thomas F Fin is Finsia's CEO. Finsia is governed by a Board of Directors. The Board is responsible for the overall corporate governance of Finsia, including its corporate planning.
Finsia – Financial Services Institute of Australasia is an unlisted public company
Publicly unlisted company
A publicly unlisted company is a company that can have an unlimited number of shareholders to raise capital for any commercial venture. Companies which are not listed publicly are more likely to engage in profit maximising behavior as their share capital structure makes it very easy to give its...
, limited by guarantee and not having a share capital. Finsia Education is an unlisted public company, limited by guarantee and not having a share capital. It continues to operate for Finsia transactions following the sale of the education business to Kaplan.