The broker association has appointed two new directors to the MFAA board.
Following the annual general meeting of the Mortgage & Finance Association of Australia (MFAA) on Wednesday (21 November), the association announced that it has appointed to the board WA-based broker Sarah Wells, the founding director of Sarah Wells Enterprises, and Queensland-based Smartline Mortgage Advisers broker Kathryn Harrison.
Ms Wells has more than 22 years’ industry experience and currently specialises in providing financial solutions for health and medical professionals.
Ms Harrison also has more than 20 years of board and committee experience.
Meanwhile, Tim Donahoo and Scott Bolton have departed from their roles on the board.
As such, the MFAA board of directors now has a majority of women.
The board comprises:
MFAA chair Donna Beazley welcomed the appointments, which she said ensured the ongoing capability and efficacy of the board as the industry continues to navigate a challenging environment of regulatory change and scrutiny.
Ms Beazley also thanked the departing directors, stating: “The MFAA board wishes to recognise outgoing directors Tim Donahoo and Scott Bolton and to thank them for their service to the MFAA and the mortgage industry.
“Tim and Scott have both provided exemplary service to the MFAA and the industry, devoting significant time, effort and energy to the association, which has benefitted greatly from their dedication and expertise. We are most grateful to them both for all of their outstanding work.”
MFAA CEO Mike Felton also welcomed the announcement, saying that he looked forward to continuing to work closely with Donna and the board as the MFAA continues to strongly represent the industry through what will no doubt be another year bringing significant change.
[Related: Industry slams ‘self-serving’ CBA]
Annie Kane is the editor of The Adviser and Mortgage Business.
As well as writing about the Australian broking industry, the mortgage market, financial regulation, fintechs and the wider lending landscape – Annie is also the host of the Elite Broker and In Focus podcasts and The Adviser Live webcasts.
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