"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."
Martin Reynolds has been appointed as the new chair of the Financial & Intermediary Broker Association (FIBA), following the decision from founding chairman Adam Tyler to step down.
Tyler will remain as a consultant to FIBA throughout 2023 to provide continuity during the transition.
Martin Reynolds is CEO of SimplyBiz Mortgages and an ExCo member of its AIM-listed parent company Fintel, and will continue in both roles.
FIBA is also currently recruiting an operations manager to strengthen its services to members, support its growth, manage lender relationships, and co-ordinate member activities.
Adam Tyler commented: “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. 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.”
Martin Reynolds added: “Whilst I am sad to see Adam step down after the magnificent work he has achieved in the past five years building a well-respected and forward-thinking trade body, I am delighted to be taking over at such an exciting time for the industry. The launch of the CPSP will be the next positive step for the industry, and FIBA will be at the forefront of this change. 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. He will be greatly missed, but I know he will always be available to provide guidance.”
