The Association of Mortgage Intermediaries (AMI) has undertaken a further board review to improve its ability to represent the membership and to lobby.
It introducing a new membership class for Mortgage Clubs which will be represented on the Board. Elections for this position will be held shortly.
Patrick Bunton has kindly agreed to continue as chairman for a further 12 months. At the same time Stephen Smith of Legal & General has asked to step down from the position of deputy chairman. He has been on the board of AMI since its inception over 12 years ago and has held the position of deputy almost as long.
The Board has decided that AMI should elect two new Deputy chairmen, and the board has agreed to appoint David Copland and Martin Reynolds.
AMI’s president, The Rt. Hon the Lord Deben, has decided that this is an appropriate time to step down from the AMI Board.
Robert Sinclair, chief executive of AMI, said: “These changes equip AMI for the challenges that lie ahead in dealing with the Mortgage Competition Review, FSCS funding changes and the advent of the Senior Managers Regime. The Association is committed to working with firms to act in their best interests.”
AMI announces Board election timetable
AMI has also announced details of its board elections which will take place in November. This year’s elections will take place in the regional and national firm constituencies, the network constituency and three of the practitioner constituencies. There will also be a vacancy in a new constituency for clubs.
Any AMI member firm who falls under one of these constituencies can nominate a member of their senior management team to stand for election. To stand individuals must complete a nomination form and be nominated by an AMI member from within the same constituency. Nomination forms must be returned to AMI by 18 November.
Should more than one AMI member want to stand for the board, a contested election will take place. Those individuals standing will be required to submit a biography and an election manifesto to those constituents eligible to vote. Ballot papers for a contested election will be sent out by 25 November.
The results will be announced on 12 December.
Sinclair said: “The AMI board plays a vital role for the organisation in providing direction and policy guidance to AMI’s activities. Members wishing to serve as AMI Board members must be committed advocates of the intermediary distribution channel and prepared to represent not just their own constituents but the entire mortgage intermediary profession. We hope AMI members will want to contribute to the trade body’s work and shape our ongoing agenda by standing for election.”
AMI members who wish to stand for election to the board and are in either of the above constituencies can request a nomination form by e-mailing info@a-m-i.org.uk. Regional firms are classed as having between 6 and 100 advisers; national firms with over 100 advisers and practitioners must be members who spend at least 70% of their working week advising customers on mortgages and related needs.
