Reports surfaced Friday that Christian Nwasike, the executive managing partner at Practice Management Consultants, has been "involuntarily removed" as CEO and board chairman of the Association of African American Financial Advisors.
The AAAA confirmed Nwasike's departure, which was first reported by InvestmentNews, but it has declined to share additional information about the nature of his exit.
ThinkAdvisor's request for comment from the AAAA has not yet been returned, but information now available on the education and advocacy organization's website shows longtime J.P. Morgan executive Sheena Gray has taken over as interim CEO. The website also shows that former Stifel executive Alex David is now interim chairman of the group's board of directors.
In response to a request for comment from ThinkAdvisor, Nwasike provided the following written statement:
"I cannot discuss the specifics of the special election held on May 12th, 2024 due to confidentiality agreements. However, I acknowledge that divergent views on the future direction of AAAA have resulted in this decision. While I am disappointed with the outcome and feel there were significant challenges with the process, I remain committed to the values we champion, and I sincerely look forward to the continued good work AAAA will achieve."
Nwasike called his experience working at the organization "one of the most rewarding of my professional career, allowing me to champion the values of integrity, inclusivity and excellence — values I hold dear."
