By: Luke Jones, Published on June 1, 2016 07:27 PM, Last Update on June 2, 2016 01:52 PM
The Insurance Brokers Association of Ontario (IBAO) is now looking for a new CEO as Jim Murphy announced that he would be standing down from his role on Wednesday. Murphy left is position with immediate effect the IBAO’s executive committee announced in a press release, although the association said its operations are being well managed through an interim plan as it looks for Murphy’s successor.
“This is an important time for IBAO,” Michael Brattman, IBAO chair, said in a brief statement. “The broker channel faces several exciting developments, including innovation, product reform and finding new ways to attract and serve our clients. IBAO is aggressively pursuing future opportunities for our members and is committed to finding a new CEO who will offer leadership and vision for our association. Our members’ needs are our number one priority.”
Jim Murphy had stood as CEO since being selected to the position last year, with the IBAO announcing his tenure on July 13, 2015. Previously he had worked for the Canadian Association of Accredited Mortgage Professionals (CAAMP) as president and CEO. The reasons for his departure from the IBAO after less than one year have not been offered.
In January 2016 the association announced that Doug Heaman would become its new president, the 73rd in the IBAO’s history. At the time Murphy welcomed Heaman to the role and there have been no indications that he was thinking of stepping down as CEO.
“We are so pleased to welcome Doug into his new role as president,” said IBAO CEO Jim Murphy in January. “He has already made an incredible contribution to the industry with his work on the executive for the last three years and we look forward to an exciting and productive year with him at the helm of our association.”