The new board will come into effect on 1st September 2017 and will comprise seven directors from the short-term lending market.
Benson Hersch, CEO of the ASTL, will be joined by Adrian Bloomfield (Barton Bridging Capital), Brian West (Central Bridging), Emma Ryan (Amicus Finance), Gavin Diamond (UTB), James Bloom (Masthaven Bank) and Scott Marshall (Roma Finance).
Benson said: “I am confident that the new executive committee will continue to work to raise standards within the ASTL and its wider membership, while also increasing awareness of the value of bridging and the short term secured lending market.
Scott will remain on the board for an additional year despite completing his statutory two-year stint.
“I would like to say a special thank you to Jonathan Sealey, CEO of Hope Capital, and Jon Hall, managing director at Masthaven, who have served on the committee for the past two years,” added Benson.
“Their continued commitment and support has helped the association to grow to record membership levels.”
Rules dictate that all members of the committee – except the CEO – must retire after serving a maximum of two years, after which prospective new committee members can apply to be elected by the ASTL’s wider membership.
Last week, the Association announced that the value of bridging loans written by its members in the 12 months to 30th June 2017 exceeded £3bn for the first time.
Lorna O’Brien of the FCA and Peter Andrews of the Bank of England have been confirmed for the ASTL’s annual conference in September.
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