The National Association of Commercial Finance Brokers (NACFB) has appointed Paul Goodman as its new chairman for the next two years.

The election took place as part of the Association’s first board meeting of the year.

“I am very proud to be starting my fifth year on the Board in 2015, having already served as Finance Director and Vice Chairman,” said Goodman (pictured), managing director of ommercial finance brokerage Goodman Corporate Finance.

“In this challenging financial climate I believe that the NACFB now needs to consolidate this work by going back to basics to ensure future success and growth for both the association and its members.”

Adam Tyler, NACFB chief executive, said: “Paul has been a valuable member of the board over the last four years and I’m delighted that he has now been appointed as its chairman. He has extensive experience within our industry and is well placed to offer strong leadership through what will no doubt be another challenging year for the NACFB and commercial finance brokers.”

Goodman added: “I am keen for the NACFB to focus on its core principles, particularly around continuing to raise standards within our industry. I also want to adopt a more collaborative approach between all our members and patrons to enrich those relationships.

“We should look to leverage our strength, celebrate our successes, seek new strategic alliances and embrace the changes in our market.

“The NACFB, its members and patrons need to play a key role in securing a sustainable recovery and help UK businesses achieve their growth ambitions by providing commercial finance across the whole spectrum.

“A lead role with the Financial Conduct Authority (FCA) is clearly very high on the agenda for my term of office, as is working with members and patrons to encourage new blood into our industry.”