“The PFS board in return could agree full financial support by utilising its reserves to address the CII's immediate challenges and also agree ongoing financial support to avoid future financial issues, which might otherwise impact both bodies and the quality of service to the membership.
“Members deserve the respect and recognition to have a voice, the CII needs to pause and listen.”
Richards, who stood down from the PFS in 2021, sat at the helm of the professional body for eight years as chief executive and also served as managing director of engagement at the CII since 2016.
Under his leadership, the PFS recorded positive membership growth year on year, totalling over 40,000 individuals and over 200 associate firms whilst also strengthening the society’s overall financial performance.
jane.matthews@ft.com
