FIBA names Adam Tyler as Chairman15/01/2018
The Financial Intermediary & Broker Association (“FIBA”), which hosts its inaugural annual conference on the 17th January in London, has appointed Adam Tyler to lead the new trade body.
FIBA has emerged from the AOBP and tells us it has “a uniquely diverse range of brokers and intermediaries from across the financial spectrum. The existing membership has been traditionally aligned to the bridging and development sector and its wide range of lenders. This forms a strong base of support and the intention is to reach out and attract brokers, lenders and tertiary service providers involved in the specialist lending sector, who have seen the benefits of this Association in the past but now want more support.” One obvious interpretation of the phrase “more support” is regulatory support.
Adam Tyler, ex-CEO of the NACFB, said, “I am delighted to be joining FIBA and look forward to working with the Executive Committee, its partners and members in making it the kind of successful body towards which lenders and intermediaries from all sectors of the lending market will want to gravitate."
Tyler's background with the NACFB highlights the potential for competition between two trade bodies which, on the face of it, look to offer a similar service – the kudos of an Association and membership’s implied levels of verified quality – to an overlapping marketplace.
More on this story in January's Broker World, out next week.