ADAM Tyler, chief executive of the National Association of Commercial Finance Brokers (NACFB), is departing after 11 years so that a new leader can drive the next stage of growth, the trade body said.
“There has been a significant change in the roles and responsibilities of the Association and the majority of roles within Hamilton House are now being filled by new members of staff,” said the NACFB in a statement.
“The challenges of the financial crisis of 2008 and the relocation of the Association to its head office in Hamilton House have been quickly followed by the most significant changes our sector has faced in living memory, with the transfer of responsibility for monitoring the Consumer Credit legislation to the Financial Conduct Authority (FCA) in 2014.
“As we now enter the next phase of FCA activity away from admissions and into supervision and oversight of our members, Adam and the board feel new leadership is needed to drive the Association forward to the next stage of its growth.”
Tyler joined the NACFB in 2005, seconded from NatWest. During his tenure at the NACFB, he saw the organisation grow from a small office with one member of staff and 400 members, to 14 employees and 1600 members.
“Adam Tyler has undoubtedly made a major contribution to the Association’s success and enhanced its recognition within Westminster, its reputation with the regulator and its national profile over his long tenure,” said the organisation.
Tyler will be leaving the NACFB at the end of the year, “to spend more quality time with his wife, Julie and the family”, the organisation said. Deputy chief executive Norman Chambers will take over the top role on an interim basis following his departure, until a permanent replacement is announced.
“The NACFB and I wish Adam well for his future endeavours and I am looking forward to working with Adrian Coles, my vice chairman, and the rest of the board during this next chapter of the Association’s history,” said chairman Paul Goodman.