Peter White AM, managing director of the Finance Brokers Association of Australia (FBAA) has resigned after 23 years with the association.

FBAA Board chair Brett Spencer has called the decision by Mr White “a difficult one for all”, but said he believes the “time is right for him and the FBAA.” 

“Peter has been a general for this association for over 20 years, and like all retiring leaders, he will be missed by many.”

Mr White said it had been an amazing journey. “I’ve met countless lifelong friends, and I’ve had the privilege of being a part of the tremendous growth and impact of the FBAA.”

“Today our association is a leading voice for our sector, respected by those at the highest levels of government and industry, and sought by national media for commentary due to our credibility and expertise,” he said.

Calling the FBAA’s efforts to combat the “unfair recommendations” of the Hayne royal commission one of the association’s greatest achievements, he thanked “the many who have served on our national board, our state teams, staff, and the thousands of members across the nation who support the association.”

Mr White explained the timing of his decision was based on his belief that he had achieved what he came to achieve in this role, noting that “change is not only good but necessary for any organisation, and brings new ideas and fresh vision.”

FBAA board chair Brett Spencer hailed the success of Mr White’s long tenure and said the FBAA will build upon his legacy to ensure it becomes a bigger and stronger association that represents its more than 14,000 members and the industry as a whole for the future.

He said the board is working closely with Mr White to ensure a seamless transition as they seek a successor CEO, and will provide an update to members next week.