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Peer2Peer Finance News | July 21, 2017

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NACFB names Graham Toy as CEO

NACFB names Graham Toy as CEO
Suzie Neuwirth

THE NATIONAL Association of Commercial Finance Brokers (NACFB) has named Graham Toy as its chief executive, the first permanent replacement since Adam Tyler stepped down after 11 years.

Toy joins from N&P Commercial Lending, where he held the position of head of commercial lending and social housing for 10 years. He has previously held commercial lending roles at Barclays and Abbey Commercial.

His new appointment comes into effect on 1 July when he replaces Rob Lankey, who held the role on an interim basis since last November after Tyler departed.

The NACFB, which represents more than 1,600 commercial finance brokers across the UK, said that Toy had worked closely with the commercial broker community in his previous roles and that his work with social housing gives him “a set of values that sits very well with the association’s traditions as a membership organisation”.

“Graham joins us at an important time for the NACFB,” said NACFB Chairman Paul Goodman.

“His refreshing approach to leadership combined with his ability to engage with people throughout the association and the board means he will pick up the baton quickly and continue the critical work on the association’s governance started by Rob as well as ensuring the association continues to shape itself for a successful future.”

Read more: NACFB brokers get green light to sell unlimited P2P loans

“The NACFB has started a journey that will involve change and a growth in focus and breadth of our activities,” said Toy.

“This is an exciting time to join the organisation and a privilege to be asked to help in shaping and delivering the future of the association.

“Rob Lankey has undertaken some great work over the last six months and I would like to thank him for his insight and hard work in starting to reshape the organisation. I am really looking forward to growing the engagement of both members and patrons so that we can continue to promote and protect our valuable industry.”

The NACFB announced last October that Tyler would be leaving so that a new leader could drive the next stage of the trade body’s growth.

Tyler has since launched FinancemyBusinessonline, a new platform to help businesses find funding from a variety of providers including peer-to-peer lenders.

Read more: Adam Tyler interview: Credit where it’s due