"This is the board who will provide a consistent presence as we enter an exciting period of change under a new CEO and I welcome all of the new directors"
The Association of Short Term Lenders has announced a new board of directors following a voting process amongst members.
The new board includes five lender member representatives and one associate member representative, plus the CEO.
The elected executive committee comprises of Allan Kay (Alternative Bridging Corporation), Steven Barber (Bridging Finance Solutions), James Bloom (Masthaven), and Gavin Diamond (United Trust Bank).
Sarah Jackson (Pivot) and Jonathan Newman (Brightstone Law) complete the Board having previously been elected to serve two terms.
In June, the ASTL's CEO, Benson Hersch, announced that he would step down from his role later this year.
Benson Hersch, CEO of the ASTL, commented: “The executive committee of the ASTL plays an incredibly important role in helping to shape the future of the bridging industry. This is the board who will provide a consistent presence as we enter an exciting period of change under a new CEO and I welcome all of the new directors who I look forward to working with during my remaining time in the role.
“The election was very close, and we would like to express our thanks to all members nominated who stood for election, and of course we thank ASTL’s lender members who voted.”