The industry association has named a new chair-elect to replace outgoing chair Cynthia Grisbrook.
The Mortgage & Finance Association of Australia (MFAA) announced on Friday, 4 August, that its board has appointed director Donna Beazley to the position of chair-elect, after current chair Cynthia Grisbrook informed the board that she would not stand for re-election this year.
Ms Beazley, who has more than 25 years’ experience in the finance industry, has served as an MFAA director since 2014. She will be officially appointed chair and assume this role at the MFAA’s Annual General Meeting in November 2017.
A Credit Advisor at Oxygen Home Loans, Ms Beazley has been heavily involved with the MFAA since becoming a mortgage broker more than 12 years ago. She served as a member of the MFAA’s NSW/ACT State Forums for seven years, including two years as president, before being elected as an MFAA director.
Ms Beazley said that she was looking forward to taking on the role as the industry continues to grow.
“The MFAA now represents more than 13,000 brilliant, hard-working professionals," Ms Beazley said. "As a[n] MFAA member of more than ten years and a director since 2014, I believe we now have a great mix of experience and expertise on the Board, and a stable and effective executive team. I couldn’t be happier with the leadership of the MFAA in 2017.
“Our industry is growing in both volume and share, and as our industry evolves, we will need to continue to advocate strongly and raise the bar with regards to customer outcomes, professional standards and education for members.
“It’s a critical time for the industry. As the finance broking industry matures, we will continue to attract the attention of regulators and other stakeholders. The MFAA will maintain its focus on advocacy at all levels of government as we work through regulatory reviews and the formation of policy that affects our members.”
Ms Grisbrook said that she was proud of what the MFAA had achieved during her time on the MFAA Board—a period that was marked by challenges to the industry and the broking model.
“I am pleased with what we’ve been able to achieve in terms of advocacy for members," Ms Grisbrook said. "The Board and I have focused heavily on ensuring that the industry voice is heard during a period in which the broking model has been under intense scrutiny.
“Following a period of significant change and disruption for the industry, I believe we have the right leadership in place to take the MFAA to its next phase, and so now is the time for me to step down.
“I am very confident that Donna is an excellent choice to be Chairman of the MFAA. She has proven herself extremely capable on different committees and forums, and she is a passionate advocate for the industry and for our members. She has the experience and the drive to provide exceptional leadership for the Board. I wish her all the very best in her new role.”
James Mitchell has over eight years’ experience as a financial reporter and is the editor of Wealth and Wellness at Momentum Media.
He has a sound pedigree to cover the business of mortgages and the converging financial services sector having reported for leading finance titles InvestorDaily, InvestorWeekly, Accountants Daily, ifa, Mortgage Business, Residential Property Manager, Real Estate Business, SMSF Adviser, Smart Property Investment, and The Adviser.
He has also been published in The Daily Telegraph and contributed online to FST Media and Mergermarket, part of the Financial Times Group.
James holds a BA (Hons) in English Literature and an MA in Journalism.
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