Pratley resigns from NZMBA

Today I have advised the board of the NZMBA of my intention to resign as Chairman and CEO of the NZMBA effective 1 April 2012.  It is now an appropriate time for me to stand down from the role that I have had for 3 ½ years with the impending merger of NZMBA and PAA.

This has been a fantastic opportunity for me to lead an industry through not only a global credit crisis and the most comprehensive regulatory overhaul financial advisers in New Zealand have seen.  The role certainly grew after becoming chairman and then CEO of the association.  This structure allowed the association to restructure its financial affairs and then strategically set course to assist members along the pathway of regulation.

I have enjoyed all components of the role from board meetings, visits to the Beehive, interviews on Close Up, dispute discipline, operational duties, organising conference and road shows.  It has given me great contact with mortgage brokers and financial services around New Zealand, and I have really enjoyed the chance to work with the great characters of our industry.  The recognition of the Jeff Chong Award at last year's conference was a great surprise and an honored to have received. 

The board of the NZMBA has been supportive and constructive in these challenging times.  I wanted to make special mention of Stephen Wilton as treasurer/vice chairman.  He has helped provide the association with clarity in the treasurer's role and as vice chairman I really have valued his input, support and wise counsel in challenging times ensuring a strong message. Also the NZMBA's staff and support services have been amazing to work with to achieve our strategic outcomes. They certainly have worked hard to meet our deadlines.