The Bridging & Development Lenders Association (BDLA) has appointed Adam Tyler as its new chief executive officer (CEO).

He will replace Vic Jannels who is stepping down at the end of the year after six years in the role.

The appointment was announced at the BDLA’s annual conference on 12 November. The association said that it marks a "significant next chapter in the leadership of the UK’s only trade body focused exclusively on bridging and development finance".

Tyler brings more than three decades of experience in specialist property, after serving as CEO at the National Association of Commercial Finance Brokers (NACFB) for more than 11 years, and later as executive chairman at the Financial Intermediary & Broker Association (FIBA).

He was also a key figure behind the Certified Practitioner in Specialist Property Finance (CPSP) qualification and also held senior roles at bridging lenders.

The BDLA currently has close to 100 lender and association members, representing a collective loan book of more than £13bn.

Tyler stated: "Having been involved in specialist property finance for nearly 35 years and running trade associations in the sector for over 20 years, it is a real privilege to become CEO of the BDLA.

"I have seen and worked with most lenders within the bridging and development sector over that time and I am looking forward to building upon the great work that Vic has undertaken over the last six years."

Jannels added: "I have really enjoyed the intense and exciting challenge of this amazing sector of the mortgage market. I have known Adam for many years and am certain that he will bring his considerable experience and knowledge to bear in taking the BDLA to new heights."

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