Paul Goodman steps down as Chair of the NACFB

Farewell and thank you

LONDON, Wednesday 10th April 2024: The National Association of Commercial Finance Brokers (NACFB) today announces the resignation of Paul Goodman as Chair and Director, after nearly 14 years of service, including a decade as Chair. Under his leadership, the NACFB and the commercial finance community have experienced significant growth and development.

Throughout his tenure, Paul has guided the NACFB through an impressive phase of expansion, witnessing a broker membership increase of over 152%, from 481 to 1,214 firms and has spearheaded several significant initiatives that have elevated the trade body’s stature within the commercial finance community.

Notably, he helped establish the NACFB Mutual, offering competitive professional indemnity cover rates to a vast majority of the Association’s Members. Additionally, he aided in the introduction of the NACFB Assurance, a quality marque which aims to become a symbol of trust and excellence across the intermediary-led lending community.

The creation of the NACFB Broker Academy under his guidance marked a commitment to nurturing the next generation of industry leaders. Furthermore, the expansion of the NACFB’s annual Commercial Finance Expo and the establishment of annual broker awards have been instrumental in recognising excellence in commercial broking. Paul’s leadership during the Covid-19 pandemic, particularly the implementation of a fee moratorium, underscored his commitment to supporting Members through challenging times.

Reflecting on his departure, Paul shared: “Leaving the NACFB is bittersweet. I am incredibly proud of our collective achievements and the vibrant community we’ve built together. My heartfelt thanks to Norman Chambers, our wonderful staff, and the entire NACFB family – Members, Patrons, and Partners – who have been instrumental in realising the vision we set forth. While stepping down was not an easy decision, I do so knowing the NACFB stands strong, ready to navigate the future with confidence.”

Adrian Coles, stepping into the role of interim Chair, shared on behalf of the board of directors: “Paul has consistently gone above and beyond for the NACFB, showing leadership and making considerable personal sacrifices to ensure the Association’s and its Members’ growth and success. His passion and commitment have been the driving force behind our many achievements. The board and I are deeply grateful for the foundation Paul has built, setting a high standard for all of us to follow. We thank him for his tireless service and wish him all the best in his future endeavours.”

Norman Chambers, the Association’s managing director, said: “We thank Paul for his commitment and leadership over the years. His work has significantly contributed to the development of the NACFB and the broader financial services sector, especially in advocating for the intermediary community and promoting understanding of our Members’ work.”

Paul’s departure is effective as of Monday 8th April 2024. Adrian Coles, the NACFB’s current Vice-Chair, will step into the role of interim Chair.

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