Adrian Bloomfield quits ASTL after five years as CEO

Adrian Bloomfield, chief executive officer of the Association of Short Term Lenders, has resigned from his position.

The trade association is seeking a replacement and Bloomfield will continue in his role until a successor is found.

He says: “Having acted as CEO of ASTL since its inception in 2007, the time has come for me to stand down and hand over to someone else.

I will continue in the role for a short period to achieve a smooth transition.

“I wish good fortune to ASTL, its members and associate members and all those connected to the short-term lending industry.”

Alan Margolis, head of bridging at United Trust Bank and member of ASTL’s executive committee, adds:”The committee wishes to thank Bloomfield for all his hard work and commitment to ASTL over the last few years. The short-term sector is immeasurably better placed to face market challenges, particularly regulatory challenges, due to his efforts.

“The committee looks forward to continuing to work with Bloomfield while a successor is found and wishes him well for the future.”
Precise Mortgages recently quit as a member of the ASTL, claiming there are too many trade bodies representing the bridging sector.