Equity Release Council director general Andrea Rozario will step down from her role in February to “pursue new challenges”.
The trade body relaunched last year from Safe Home Income Plans, which only represented providers, to the Equity Release Council which also accepts advisers as members.
Rozario says: “When I joined SHIP over five years ago, it was a shared goal between myself and the previous chairman Laurie Edman’s to broaden out membership of this long standing organisation to enable it to represent the industry as a whole and not simply providers.
“Against the backdrop of economic turmoil, it has been a challenging but enormously gratifying process working with the board to build the new structure which led to the launch of the Equity Release Council in May 2012.”
Equity Release Council chairman Nigel Waterson says: “The launch of the Council has been a huge success and we are ideally positioned to continue to build the organisation in the future.
“The board and I are immensely grateful to Andrea for her contribution to the success of the Council, and wish her well as she looks to take up new challenges in the future.”
Key Retirement Solutions director Dean Mirfin says: “It is sad but not surprising as Andrea is a victim of her own success. The organisation has developed so much in her time and she feels her job is done and wants to move on.”