NZMBA sacks its ceo
The New Zealand Mortgage Brokers Association has axed its first full-time chief executive as a cost-cutting measure.
Thursday, January 22nd 2009, 11:23PM
by Jenny Ruth
NZMBA chairman Darren Pratley confirmed Megan Salt finished working for the association just before Christmas.
"We’re going through a bit of a restructure and re-focus in terms of where the NZMBA’s going," Pratley says. "It was a board decision. We basically did a review of the role and it was a financial decision."
For now, Pratley is working as "honorary chief executive" of the NZMBA in Salt’s place.
Pratley says NZMBA membership has fallen from a peak of over 1,000 to 861 currently with a number of members opting to pay membership fees on a monthly basis. When annual membership fees become due from the beginning of April, he’s expecting numbers to fall back to about 650 or so, depending on the state of the real estate market in the meantime.
| « Home loan report: Keeping eyes open | Another humungous rate cut expected » |
Special Offers
Commenting is closed
|
|
Printable version |
|
Email to a friend |
