The wide-sweeping changes to AMI’s structure will take effect from 1 January 2013.
London & Country’s operations and compliance director Bunton has been elected to the position from the board where he has served as deputy chairman for four years.
Former chairman Lord Deben will take over as president of Ami.
Bunton says: “An effective Ami is an important part of ensuring we have a robust mortgage market in the UK. In taking up this role I am determined to work on behalf of the wider industry and all our members to ensure that politicians and regulators are alive to the real issues and the fact that brokers deliver great outcomes for consumers.
“I am looking forward to working with the executive team and our new President to deliver a better market for intermediary firms. Although Stephen Smith is stepping back at this time I know that I will continue to be able to call on his expertise.”
AMI is looking to add two new practitioner members. Ami says it welcomes inquiries from any practitioner within member firms or networks who spend more than 75 per cent of their working week advising on mortgages.