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The Mortgage & Finance Association of Australia (MFAA) announced today that one of its directors has not sought re-appointment to the board following the expiration of his current one-year term.
In a statement yesterday, the MFAA said that Malcolm Watkins, who was appointed director in 2015, remains passionate about the important role the MFAA plays in advocating on behalf of the broking industry, and will remain in his leading role on the lobbying committee.
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"I have enjoyed my time serving on the board of the MFAA. It is essential that we continue to focus on protecting the health and prosperity of the broking industry in the face of potential economic and political headwinds, so I have offered my ongoing support to the board and the association," Watkins said.
MFAA chairman Cynthia Grisbrook thanked Mr Watkins for his contribution over the past 12 months and looked forward to the continued relationship in his revised role.
"I would like to take this opportunity to thank Malcolm for his contribution over the past year," Grisbrook said.
"While he will no longer be a member of the board, he will remain a source of support and expertise for the MFAA, and I look forward to working with him in the future in his role on our lobbying committee, but also as a key industry expert we will continue to look to for advice."
Mr Watkins is a founding director of AFG.
[Related: Brokers blast association conflicts]
