AMI has always maintained a balanced approach between firms seeking direct authorisation and those taking the network and appointed representative route through regulation. The Board was keen to ensure that AMI took the opportunity to reinforce this positioning.
These appointments bring high level market input to the Board’s chairmanship team. With the market in a state of flux, AMI took the opportunity to reinforce its position as the trade body for the whole mortgage intermediary community by appointing a Deputy Chairperson from each side of the market: Charcol as a Directly Authorised firm and the Legal and General Partnership as a Network.
Chris Cummings, Director of AMI commented: “These new appointments enrich the AMI Board whilst clearly demonstrating that we serve the needs of the whole mortgage intermediary community. We have a Chairman of the highest reputation, who is well respected by the regulator, supported by two industry leading figures: one from each side of the “regulatory divide”. AMI has achieved a great deal in its first year but with a new board, two new deputy chairmen, and a new chairman, we are positioned to make a far bigger impact.”
Mr. Boulger commented: “It was appropriate that AMI selected two deputy chairmen as it shows the trade association’s impartiality on the biggest question facing intermediaries this year: seek direct authorisation or join a network. I am delighted to have been appointed as Deputy Chairman and I will work hard to represent the whole of the market.”
Mr. Smith said: “With the market in a state of flux, the appointment of a non-practitioner Chairman, supported by two practitioners ensures fairness. AMI has built its reputation on being impartial trade body, representing the whole of the market. I was pleased to be appointed as Deputy Chairman.”
