AssociationsFinancial Planning

New FPI Board Leadership Announced


New Chairperson, Chairperson–Elect and Board for the Financial Planning Institute

The Board of the Financial PIanning Institute of Southern Africa (FPI) has the pleasure of announcing Adv. Ntai Phoofolo, CFP®, as the new chairperson and Mr Navin Ramparsad, CFP®, as the chairperson-elect for a two-year term.

Phoofolo succeeds Adv. Sankie Morata, CFP®, whose three years’ tenure as FPI chairperson and seven years as director ended in early July this year.

Outgoing chairperson Adv. Sankie Morata, CFP®, commented on his term “The time has come for me to hand over the leadership baton to a new chair. Reflecting on what has been achieved by this Board, I believe we have run a good race and the results speak for themselves.”

“I would like to take the opportunity to thank the members, the Board, the staff, and all other stakeholders that have allowed me the opportunity to serve them with pride and passion. I have enjoyed personal and professional growth, thanks to the tasks, challenges and opportunities we have confronted. It has been a tremendous pleasure to serve you and I will treasure the experience, which will stand me in good stead for the future,” said Morata.

“In the same way, it takes team effort and preparation to reach ‘the top of Kilimanjaro,’ It has taken sweat, long hours, commitment, kindness, love and passion to realise our goals as a Board,” added Morata.

“I have no doubt the new leadership will continue its journey in taking FPI to the apex of financial planning in Africa. By tirelessly doing the right thing, it can be done, because ultimately, doing the right thing never goes out of fashion, concluded Adv. Sankie Morata, CFP®, outgoing Chairperson of FPI.

On accepting his position, Adv. Phoofolo, CFP® said, “I’m delighted to have been appointed chairperson of FPI and look forward to leading the FPI Board in furtherance of FPI’s vision and mission. We have a number of historical events happening this year, one being our hosting of the Financial Planning Standards Board’s (FPSB) bi-annual Global Member Meeting (GMM) in Cape Town just after the annual FPI Professionals Convention in October.”

“One of the activities the Board will concentrate on is directing FPI to meet its mission of advancing and promoting the pre-eminence and status of financial planning professionals, while continuously acting in the interests of the society whom the profession serves, said Adv. Phoofolo, CFP®.

“Together with my fellow directors, I look forward to working hard to ensure FPI remains the pre-eminent financial planning standards authority in southern Africa for competent and ethical financial planners.

As the Board, we will also continue to lead transformation and diversity in the financial planning profession, build awareness of the importance and need for financial planning among the general public, ensure that members maintain the highest ethical standards in the pursuance of their profession and provide a framework within which members can achieve qualifications and maintain competence to create greater value for their clients, practices and employers,” added Adv. Phoofolo.

Commenting on his appointment, Mr Ramparsad said “It is an honour to be elected to such a prestigious Board. I look forward to working alongside Advocate Phoofolo, as well as the other board members and the FPI leadership team to empower consumers through creating awareness of the benefits and the value of financial planning and of using a CERTIFIED FINANCIAL PLANNER® professional.”

In addition, FPI announced the appointment of a number of both newly elected and re-appointed Board of Directors to serve for a term of up to three years.

Newly elected board members include Janet Hugo, CFP®, Wealth Manager and Financial Planner at Sterling Private Wealth, Gerald Mwandiambira, CFP®, acting CEO of the South African Savings Institute (SASI), Michael Jackson, CFP®, Sanlam Litigation Specialist, Retirement Funds and Sipho Mogane, founder and CEO of Secure Bytes (Pty) Ltd. Furthermore, Kirsty Scully, CFP®, has been re-appointed to the Board.

Commenting on outgoing chairperson, Adv. Sankie Morata, CFP®, FPI CEO, Godfrey Nti said, “During his tenure Adv. Morata was focused and showed extraordinary leadership skills and abilities to help move the institute forward. Under his leadership the Institute made great strides towards achieving it ends. It was an absolute pleasure serving with Sankie. We wish Sankie everything of the best at the same time welcome the new leadership pair of Ntai and Navin.”

FPI congratulates all the new and re-appointed members of the Board on their new positions. With their valuable experience and expertise, the Institute and the financial planning profession will be taken to even greater heights.

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