FIBA’s founding chairman steps down
The Financial and Intermediary Broker Association (FIBA) has named Martin Reynolds as its new chair, replacing industry veteran Adam Tyler (pictured).
Reynolds’ appointment comes into effect on 1 May, at which point Tyler – who was founding chairman – will remain on as a consultant for the rest of the year “to provide continuity during the transition.”
Reynolds will continue in his other positions, as chief executive at SimplyBiz Mortgages and executive committee member of its Aim-listed parent company, Fintel.
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FIBA is also currently recruiting for an operations manager to boost its services to members, boost its growth, manage lender relationships and co-ordinate member activities.
“I have been looking after those intermediaries involved in specialist property and commercial finance for 18 years now and arrived from the lending community having already been a broker in the sector,” said Tyler.
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“There has been so much change for the better over that period of time, and the launch of the Certified Practitioner in Specialist Property Finance (CPSP) qualification seemed to be the right time to pursue those other areas of commercial finance that are beckoning. One of our greatest achievements as brokers together, has been to help the launch of a number of great lenders emerge into the market and it will be nice to continue to help that side of the industry grow.”
Reynolds heralded the “magnificent work” that Tyler had achieved over the past five years, building “a well-respected and forward-thinking trade body”. He said he was delighted to be taking over at such an exciting time for the industry.
“Adam has created something very special and, as the driving force for FIBA, he should be very proud of what he has achieved in such a short space of time, including the imminent launch of the new CPSP,” Reynolds added. “He will be greatly missed, but I know he will always be available to provide guidance.”
The UK’s largest peer-to-peer lending platform, Folk2Folk, joined FIBA as a lender partner earlier this month to develop new relationships with brokers and broaden understanding of secured lending options.