It was announced yesterday that Mr Martin Lynch, director of reverse mortgages at ABN Amro, has been appointed Chairman of the Senior Australians Equity Release Association of Lenders (SEQUAL).
Having previously served as Deputy Chairman, Mr Lynch will thrive in the new role according to SEQUAL CEO, Kevin Conlon.
“Mr Lynch is well-placed to step up from the Deputy Chairman role. He has made a valuable contribution on the SEQUAL Board and has considerable experience in the design and delivery of Reverse Mortgages both within Australia and overseas.”
Lynch stated that his term on the SEQUAL Board has been meaningful and rewarding. “Over that time, SEQUAL has become widely recognised as an effective industry body which has guided the development of an efficient and ethical equity release market in Australia,” he said.
Lynch confirmed the emerging demand for equity release, saying that, “The largest generation within the Australian population is now aged between 45 and 60. Although many are poorly prepared for retirement, I have full confidence that this market will continue to meet the needs of Senior Australians as they face the challenge of funding their retirement.”