Two new directors have been elected to the Mortgage & Finance Association of Australia (MFAA) board, following the organisation’s annual general meeting, where members voted on three director positions.
Current director Rob McFadden has been re-elected and continues to serve on the MFAA’s nominations, remuneration, and governance committee.
Sydney finance broker Melissa Ashcroft (pictured left), managing director of AAA Mortgages and general manager of AAA Financial Group, has joined the MFAA board and will serve on the audit & risk management committee.
Ashcroft has nearly a decade of experience across residential, commercial and private-credit lending through her family’s brokerage. She brings capability in strategic planning, financial analysis, governance and marketing.
She is the current deputy president of the MFAA National Mortgage Managers Forum and was recently named Commercial Finance Broker of the Year, also receiving an Excellence Award at the Women in Finance Awards 2025.
Ashcroft holds diplomas in Finance & Mortgage Broking Management and in Financial Planning & Services.
Hosseini has more than 23 years of broking experience and a background as a tax and senior financial accountant, providing deep knowledge of risk, finance and compliance.
He is a Justice of the Peace in both Victoria and NSW and a member of the Australian Institute of Company Directors. He previously served as treasurer and board member of the CASPA North Coast Children’s Home.
Hosseini holds a Diploma of Financial Services and Mortgage Broking and a Bachelor of Business Administration.
Kerri Buurman will continue as chair of the board, with Mark Hewitt named deputy chair.
Buurman congratulated the newly elected and returning director.
“We look forward to working with you,” she said.
Director Caroline Jean-Baptiste retires after completing the maximum two three-year terms.
Elected in 2019, she served as deputy chair since 2022 and chaired the nominations, remuneration, and governance committee.
Peter Clark, elected in 2022 and a member of the audit & risk management committee, also departs.
Buurman acknowledged their contributions: “Caroline and Peter, it has been a pleasure to work with you both on the board… You have individually made significant contributions to the progress of the association, and on behalf of the board and our entire community, we extend our gratitude for your leadership, insight and service.”
The MFAA board comprises five elected directors and two appointed directors.
Elected directors:
Appointed directors:
Looking forward, Buurman said she is committed to working with the MFAA executive and broader team.
“I look forward to leading the board and working with the MFAA executive and wider team over the next 12 months to support our members by advocating for their interests and enhancing their ability to assist millions of Australian borrowers,” she said.
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