Richard will be responsible for the management and day to day running of AMI, and for ensuring that AMI continues to play a critical role representing members to politicians, policy makers and the regulator. He will report directly to director-general Chris Cummings. Richard was previously head of marketing communications at the Portman Building Society Group, and will start in September 2007.
Chris Cummings said: “We are delighted that Richard will be joining us at AMI. He has more than 15 years of experience in the mortgage industry and we are pleased to have someone with his expertise and industry knowledge. Richard is joining us at a critical time for AMI members, the burden of regulation has never been heavier and yet we see further proposals for more regulation coming from Brussels. The mortgage intermediary community must unite around a strong focused trade body to address the issues of adviser recruitment, increasing professional standards, and protecting our industry’s reputation.”
Richard Farr commented: “I am delighted to be joining AMI and look forward to the challenge. Most of my career has been working within the mortgage intermediary market and so I am naturally very excited to have the opportunity to represent AMI Members in the regulatory and business environment. I see my main priorities as reducing the costs of regulation, attracting new people to the industry, and helping members grow more profitable businesses.”
The role of director of AMI encompasses five key responsibilities: working with the AMI Board to develop the long term strategy for AMI, leading AMI’s policy work, looking after member’s interests with others in the mortgage market, managing the AMI team and managing AMI’s finances.
Richard has extensive experience in the mortgage and financial services industry. Prior to the Portman Building Society Group, he also held managerial positions at the Sun Bank PLC and The Mortgage Works.
