The Association of Bridging Professionals (AOBP) has become the Financial Intermediary and Brokers Association (FIBA), and appointed Adam Tyler as its chairman.

FIBA incorporated AOBP’s existing base of independent financial advisers, residential mortgage and commercial finance brokers, but added that it would also reach to lenders, brokers and third parties outside its membership.

The association said that the rebranding reflected “the trade body’s stated aim to become the natural home for all advisers and lenders, regardless of their particular lending sector of interest,” though it would maintain an emphasis on the property finance sector.

Adam Tyler, who had been chief executive of the National Association of Commercial Finance Brokers for over a decade before launching his own finance platform, said: “I am delighted to be joining FIBA and look forward to working with the executive committee, its partners and members in making it the kind of successful body towards which lenders and intermediaries from all sectors of the lending market will want to gravitate.

“FIBA’s objectives emphasise the focus on individual broker membership, rather than firm membership. We have structured our options to engage with and benefit the intermediaries themselves, providing valuable resource at an affordable cost.”

Speaking at FIBA’s inaugural conference, he added: “I am sure that having seen the agenda we set out for the future, many more individual brokers and lenders across the lending market will want to be part of FIBA’s proposition.

“We are starting with a solid membership base and … I am also looking forward to working with other associations and trade bodies.

“We all put our members’ needs at the heart of what we do and there is plenty we can do together to help provide the best of intermediary support and representation at the highest levels of regulatory and government bodies.”

FIBA said it plans to organise some 30 industry events across 2018.