SEQUAL appoints new chair
By Kate Kachor
Tuesday 13 November 2007
Over Fifty Group chief executive Chris Martin has been named the new chair of Australia's reverse mortgage lending body, Senior Australians Equity Release Association of Lenders (SEQUAL).
ABN Amro Martin Lynch has been named as deputy chair.
"We are pleased to welcome Chris Martin and Martin Lynch to role of chair and deputy chair respectively," SEQUAL executive director Kieren Dell said.
Martin's appointment marks a return to his involvement with the lending body. He is one of the founding members of SEQUAL.
"The reverse mortgage market is growing so rapidly that SEQUAL's input is vital to establish sound guidelines for product development and ensure the sector's ethical growth, via lenders, and educating their distribution channel," Martin said.
Lynch is the director of reverse mortgages at ABN Amro, a division of the bank he established in 2005.
Prior to this he worked in the reverse mortgage sector in the United Kingdom and Europe.
SEQUAL members represent over 95 per cent of reverse mortgage lending in Australia.
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