The Association of Mortgage Intermediaries has appointed Richard Farr as its new director it was announced today.
Farr will report directly to director general Chris Cummings and will be responsible for the day-to-day running of AMI and ensure the association continues to lobby parliament and the FSA.
Previously, Farr worked as head of marketing and communications at the Portman Building Society, which recently merged with Nationwide, and has over 15 years of experience in the mortgage industry. He has also worked for Sun Bank Plc and Mortgage Works.
AMI’s director has five key responsibilities, which includes developing AMI’s long-term strategy along with the board, leading AMI’s policy work and looking after the interests of members.
Commenting on the appointment, Cummings says: “Richard is joining us at a critical time for AMI members, the burden of regulation has never been heavier and yet we see further proposals for more regulation coming from Brussels.”
Farr says his main priorities are reducing the cost of regulation, attracting new people to the industry and helping members make businesses that are more profitable.
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