FINSIA's struggle to find scale

The Financial Services Institute of Australasia (FINSIA) has a more than 135-year history in Australia.

- Eliza Bavin

It was formed in 2005 by the merger of the Australasian Institute of Banking and Finance, which was established by a group of bankers in 1886, and the Securities Institute of Australia which was created in 1966.

Since its establishment, FINSIA has represented financial services professionals of all backgrounds, including the banking, institutional markets, funds management, financial advice and securities sectors.

“In any member organisation, there’s always a challenge in that there’s a very diverse range of views, and one could argue that’s the strength of a member organisation, in that you do get many views coming together,” Cox said.

However, each of these sectors have their own dedicated industry bodies as well, increasing competition for FINSIA over the years.