The search is on for a new chief executive officer (CEO) of the National Association of Mortgage Brokers and Advisers (NAMBA), following the abrupt resignation of current designate CEO Julian Jennings.
The decision by Jennings follows a number of damning reports in the trade press suggesting he was the wrong man for the job. The controversy over his role was sparked by his prior involvement with Century Mortgages, which was closed down by the DTI for compliance failure.
Jennings was unavailable for comment at the time of going to press, but NAMBA’s press officer Bob Mackmurdo, said: ‘Julian is still involved with running NAMBA and will continue to have an active role. He has been acting as CEO designate since we formed, but has decided to step down from his role as officer before the official launch of the association next spring. There are now more people interested in the post and Julian no longer feels he needs to stand.’
Recent press reports have suggested John Malone, national mortgage manager at Scottish Amicable, could be next in line for the job. But Malone said he had not been approached by NAMBA and had not given the possibility of taking the position any thought.
‘I see people at meetings whose main aim is to represent themselves and their business ‘ this is why brokers need a trade body. The new head of NAMBA should be active in the industry and understand all aspects of the issues concerning brokers. But they need to be independent and look at everyone’s needs. If they are involved with a packager, a network or a mortgage club, they cannot do this ‘ they will look out for their members and not the broker community as a whole,’ he said.