Hayden steps down as CEO of MFAA

by Julia Corderoy22 Jun 2016
The Mortgage and Finance Association of Australia (MFAA) has announced the resignation of Siobhan Hayden as its chief executive officer.

The association’s board has accepted Hayden’s resignation effective immediately, telling Australian Broker the decision was based on “strategic differences” between the board and the CEO. Hayden was appointed as CEO to replace long-time CEO Phil Naylor in October 2014.

Hayden has thanked the board for the opportunity, and thanked the members “who are the lifeblood of this organisation”.

“I’m proud of what I’ve achieved in the role and think the mortgage broking industry is well positioned into the future,” she said.

The MFAA has told Australian Broker the association will commence a search both internally and externally for a replacement CEO once the board has defined what they are looking for. The process will be a thorough and lengthy one, with a new replacement not expected to be announced until the end of the year.

In the interim, the management of the association will be guided by the chief operations officer, Evan Thomas; the head of finance and HR, Stephen Bisgrove; and the head of marketing and communications, Stephen Hale. The group will continue to implement the framework set by the board in February 2016.


  • by Susanne 22/06/2016 2:20:39 PM

    Congratulations on all of your achievements as CEO, Siobhan. You were a breath of fresh air in a staid and stuffy organisation.

  • by Stephen Dinte 22/06/2016 2:21:50 PM

    There can be no doubt that Siobhan was a breath of fresh air for the Association. She brought enthusiasm and energy to the role. The measures and changes that were introduced during her tenure will continue to produce benefits for many years to come. She will be sorely missed and difficult to replace.

  • by Terry 22/06/2016 2:22:45 PM

    Hmm, that's disappointing. Hayden was a breath of fresh air to what seemed to me to be a stuffy organisation.
    Three guys to replace her!