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MFAA CEO Phil Naylor decides to move on

The Board of the Mortgage and Finance Association of Australia (MFAA) today announced that Phil Naylor has advised that he will finish his role as Chief Executive Officer of the Association on 24th December 2014.

In making the announcement, MFAA President Tim Brown acknowledged the outstanding contribution Phil Naylor has made in almost 12 years in the job.

“Phil was appointed Chief Executive in 2002 when the MFAA (known then as the MIAA) was a small trade association with just 2,200 members. Today, the MFAA has over 10,300 members and is one of the most respected and professional associations in the finance/housing sector.”

“Phil has always actively and vigorously lobbied government regarding the role and relevance of brokers” Mr. Brown said.“From 2003 to 2007, Phil was a driving force to persuade state governments to work together to achieve uniform broker legislation.

“In the NCCP negotiations, he championed the case to ensure NCCP covered all sources of credit (not the original intention of brokers only) and to recognise the difference between credit and financial products.”

“This enabled brokers to give credit advice under the NCCP Act rather than the more complex FSR Act.”
“Phil and his team have built a strong and resilient organisation that is well respected within the industry and by government.”

“It is further testament to Phil’s character that he will continue to assist the organisation in the transition to his successor,” Mr. Brown said.

Mr. Naylor said his decision had evolved over time.“I just felt that I needed to do something else with the skills and talents I’ve developed. So after almost 12 years as Chief Executive, I believe now is the right time to pass on the baton.I am very proud of the achievements of the MFAA and our people. I am particularly proud that I could contribute to the development of higher professional standards in the industry and the increasing professionalism of mortgage and finance brokers.”

Mr. Brown said that the process to find a successor is already underway.

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