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In making the announcement, MFAA president Tim Brown acknowledged the outstanding contribution Phil Naylor has made in almost 12 years in the job.
“Phil was appointed chief executive in 2002 when the MFAA (known then as the MIAA) was a small trade association with just 2,200 members,” Mr Brown said.
“Today, the MFAA has over 10,300 members and is one of the most respected and professional associations in the finance/housing sector,” he said.
Mr. Naylor said his decision had evolved over time.
“I just felt that I needed to do something else with the skills and talents I’ve developed,” he said.
“So after almost 12 years as Chief Executive, I believe now is the right time to pass on the baton.I am very proud of the achievements of the MFAA and our people.
“I am particularly proud that I could contribute to the development of higher professional standards in the industry and the increasing professionalism of mortgage and finance brokers.”