The Financial Services Institute elected Cetera Financial Group President Adam Antoniades to serve as vice chair on its board of directors, replacing outgoing Valerie Brown following her departure from Cetera.
Antoniades, who also took over for Brown at Cetera in May, was voted in as vice chair of FSI’s board of directors, the organization announced Tuesday. “Adam has proven himself a leader and dedicated servant to our members during his extensive time on the Board,” FSI’s President and CEO Dale Brown said in a statement.
"I'm proud to be part of an organization that is passionate about ensuring that every American has access to unbiased and affordable financial advice, Antoniades said Tuesday. "FSI is committed to building healthy and effective relationships with regulatory and legislative bodies for the benefit of all independent broker-dealers, financial advisors and their clients.”
Additionally, President and CEO of Ladenburg Thalmann Richard Lampen was elected to serve as FSI’s PAC board chair, filling Antoniades’ former role on the board.
According to FSI’s spokesman Chris Paulitz, Brown’s seat had to be filled because board members must be with a member firm. When Brown exited Cetera, she became ineligible to serve on the organization’s board.
Brown was elected as the vice chair of the board in November 2013. She was set serve a one-year term and then become Board Chair in 2015. Now Antoniades will be elevated from vice chair to chair of the FSI board of directors next year. “He will make an effective and passionate vice chair this year and chair in 2015,” Brown said. “Our members will benefit from his vision and passion.”