The Association of Short Term Lenders (ASTL) has announced the appointment of two new members to its executive board.

The new executive board appointments were elected by members of the ASTL from a record number of candidates and votes. The new board members are Gavin Seaholme, Shawbrook Bank and Alan Margolis of Greymax.

In addition, Ray Cohen from Jackson Cohen has been re-elected as an Associate Member of the board.

The new members of the ASTL board took up their responsibilities from 1 September, replacing Scott Marshall (Roma Finance) and Steve Barber (Bridging Finance Solutions) who retire from their executive duties for the association, having served their maximum terms.

Vic Jannels, CEO of the ASTL, said: “I would like, on behalf of the Executive and the ASTL, to say a heartfelt thanks for the magnificent contribution that Gavin and Alan have made, not the least of which being their immense support of the educational programme CPSP.

“I would also like to congratulate Gavin and Alan on their election to the board, and Ray for his re-election. We have achieved a lot with the association in the last year, but there is plenty still to do in promoting the interests of the short-term mortgage market and our customers.

“I know that Gavin and Alan will be valuable additions to the board and will play an important role in helping us to continue to raise the profile and the reputation of the sector.”