Legal and General’s Stephen Smith has stepped down from the position of deputy chairman of the Association of Mortgage Intermediaries.
Smith, director of housing partnerships at L&G has been on the board of AMI since its inception over 12 years ago.
An AMI spokesperson said the board “extends its deepest appreciation for the long service and support given by Stephen over the years.”
The deputy role will be filled by TMA Mortgage Club director David Copland and SimplyBiz Mortgages chief executive Martin Reynolds in a joint capacity.
AMI is also introducing a new membership class for mortgage clubs which will be represented on the board and Elections for this position will be held shortly.
Patrick Bunton has agreed to continue as chairman for a further 12 months.
AMI chief executive Robert Sinclair says: “These changes equip AMI for the challenges that lie ahead in dealing with the Mortgage Competition Review, FSCS funding changes and the advent of the Senior Managers Regime. The Association is committed to working with firms to act in their best interests.”