"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."
Legal & General's Stephen Smith has stepped down from his position of Deputy Chairman after twelve years on the AMI board.
AMI President, The Rt. Hon the Lord Deben, has also decided to step down from the AMI Board.
In a statement, the Board thanked Lord Deben "for his vision and support firstly as Chairman and then as President... he has provided strong and effective leadership and guidance which has greatly assisted the growth and success of AMI".
The AMI is also introducing a new membership class for Mortgage Clubs which will be represented on the Board. Elections for this position will be held shortly, and the Association confirmed that Stephen Smith is standing for election in the Mortgage Club constituency.
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.”
