Back in June, it was announced that Benson would be stepping down later this year from his position as CEO.
Benson was appointed as CEO in June 2012.
Vic — who is also currently the executive chairman at Impact Specialist Finance and a director of One Mortgage System (OMS) — has nearly 50 years of experience in the secured lending industry.
He has held senior management roles in the lender, packager and broker sectors, and spent several years co-opted on to the board of AMI.
- B&C roundtable: Are hybrid offerings an opportunity or necessity?
- 72% of bridging lenders expect their business to grow despite current economic climate
- Whitehall Capital joins the ASTL
“I’m very pleased to be able to hand over the reins to such a well-respected individual to write the next chapter for this great organisation,” said Benson.
“I have every confidence that Vic will continue the good work of the ASTL, giving fresh impetus to our image and membership, and I wish him all the best in the role.”
Vic believes that the bridging industry is at a “critical point” in its history.
“The market has delivered significant growth in recent years, but increased competition and economic uncertainty mean that it is more important than ever for lenders to maintain high standards of governance.
“Thanks to the magnificent efforts of Benson over the past seven years, the ASTL is the most prominent and well-respected organisation in this space, with an opportunity to unite the market and lead the way into a successful and sustainable future.
“I am both honoured and excited to have the opportunity to take the helm and shape the course of this fantastic industry.”