The Intermediary Mortgage Lenders Association has appointed Kate Davies as its new executive director from 1 January 2018.
Davies will take over from incumbent Peter Williams, who will leave IMLA at the end of the year after a decade in the role.
Davies has been a non-executive director at Darlington Building Society since 2011, but has spent 17 years at the Council of Mortgage Lenders and Building Societies Association as senior policy adviser.
Her main roles at IMLA will be to lead its operations and strategy.
Davies will begin shadowing Williams from 1 June.
IMLA has 36 intermediary lenders including high street banks, building societies and challenger banks.
IMLA chairman Kevin Purvey says: “Having set out to find a new executive director with a strong track record in the mortgage market, we are excited to welcome Kate to the role as an experienced, high-profile policy specialist who is widely respected for her work in the UK and European mortgage sectors.”
Davies says: “I am delighted to be joining IMLA and look forward to working with its board and members from the beginning of next year to represent their interests and the growing number of consumers who rely on intermediary lenders to access mortgage finance.
“IMLA’s growing membership speaks volumes for the value that lenders see in working together to help inform this agenda, and I look forward to building on the invaluable work done by Peter Williams to grow IMLA’s profile and influence.”