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Jim Murphy to Depart CAAMP

He’s been CEO of Canada’s largest mortgage association for eight years, and at the end of this month he’ll be leaving.

Canadian Association of Accredited Mortgage Professionals (CAAMP‘s) Jim Murphy is departing on July 31 to head up the Insurance Brokers Association of Ontario.

“On behalf of the CAAMP Board of Directors and our membership I’d like to thank Jim for his 10 years of service and sincerely wish him all the best in his future endeavours,” said Dan Putnam, CAAMP Chair, one of eight Murphy worked under during his tenure.

The vacancy leaves CAAMP with some big shoes to fill. Murphy was respected by regulators, policy-makers and the media, all key groups who are in repeated contact with the organization. In situations like this it can take up to a few months to place a new top executive. On an interim basis, CAAMP CFO Samir Asusa will head operations, and CAAMP’s membership, education, events and communications teams will continue their work unabated.

“Over the next 30 days the CAAMP Board of Directors will be reviewing the position vacancy with the leadership team at CAAMP,” adds Putnam, “We will then work with an executive search firm to help us identify qualified candidates and the selection process will commence. Until then, our members should rest assured it’s business as usual at CAAMP.”

This news will not derail CAAMP’s mission, of course, but surely the transition to new leadership will take some time. The association has several major projects underway, including expanding consumer awareness of brokers with new marketing campaigns, developing new tools and technology for members, and strengthening regional representation. But those initiatives are all managed by very capable teams within CAAMP.

So while the Murphy era is ending, a new era with fresh perspectives begins. The mortgage industry has been undergoing a degree of change that we’ve arguably never seen before. We’ll eagerly wait to see who the board chooses to help guide CAAMP’s 12,500 members through it.