The Association of Financial Mutuals (AFM) has appointed Shepherds Friendly, Ann-Marie O’Dea, as board chairwoman.
Previously vice-chairwoman, she succeeds Stuart Tragheim, who has stood down following his retirement from Holloway Friendly Society where he was CEO.
O’Dea (pictured) said: “I am delighted to be taking over as chair of the AFM Board.
“I am passionate about mutuality, about the benefits it can bring to consumers and its place in today’s market.
“We have an exciting agenda ahead of us, including making the case for mutuality in the run up to the general election, at the same time looking for opportunities for AFM member firms to work together to improve the services and value we offer our members.
“We will also continue to help Members navigate the complex regulatory environment while pressing the PRA and FCA for more proportionate regulation for our sector.
“But I have a tough act to follow. Stuart has been a terrific chair of the AFM and led the board with energy and focus.
“Along with the rest of the board, I want to thank Stuart for the great contribution he has made to the AFM over the years and wish him all the very best for the future.
“I am also looking forward to working with Andy Morris, chief executive of Cirencester Friendly, in his new role as vice-chair of the AFM board.”
