Tyler, who has been executive chairman since FIBA launched in 2018, will stay on as a consultant for the rest of the year to “provide continuity during the transition”.
Reynolds has been with SimplyBiz for over 11 years and is also an executive committee member for its AIM-listed parent company Fintel. He will continue in both roles.
He was also chairman of the Association of Mortgage Intermediaries (AMI) between 2018 and 2020.
Reynolds was also a director at K&R Consulting for around five years and before that was a development director at PMS.
He has also worked at Edeus, Birmingham Midshires and Royal Insurance in various senior roles.
FIBA is celebrating its fifth anniversary and provides members with training, guidance and assistance and ensures they have access to a network of lenders, product knowledge, expert advice and compliance resources.
It also puts forward the views of financial professionals to the Financial Conduct Authority, UK Finance, British Business Bank, HM Treasury and other government bodies, and works with other trade bodies to mitigate disputes.
Tyler said: “I have been looking after those intermediaries involved in specialist property and commercial finance for 18 years now and arrived from the lending community having already been a broker in the sector.
“There has been so much change for the better over that period of time, and the launch of the Certified Practitioner in Specialist Property Finance (CPSP) qualification seemed to be the right time to pursue those other areas of commercial finance that are beckoning.
“One of our greatest achievements as brokers together, has been to help the launch of a number of great lenders emerge into the market and it will be nice to continue to help that side of the industry grow.”
The CPSP, was announced at the Association of Short Term Lenders conference last year and opened for registrations earlier this week.
Reynolds continued: “Whilst I am sad to see Adam step down after the magnificent work he has achieved in the past five years building a well-respected and forward-thinking trade body, I am delighted to be taking over at such an exciting time for the industry.”
He said the launch of the CPSP was the “next positive step for the industry” and FIBA would be at the “forefront of this change”.
“Adam has created something very special and, as the driving force for FIBA, he should be very proud of what he has achieved in such a short space of time, including the imminent launch of the new CPSP. He will be greatly missed, but I know he will always be available to provide guidance,” Reynolds added.
