Brian Pitt, sales and marketing director at Future Mortgages, has resigned, with immediate effect.
He was known to have been unhappy with the less entrepreneurial and more corporate culture being introduced at the lender by its owner, Citigroup, for some time. Citigroup, one of the world’s largest financial services companies with operations in over 100 countries, provides consumer, corporate and investment banking.
Richard Hurst, communications manager at Future Mortgages, declined to discuss the reasons behind the resignation, but said: ‘Brian Pitt has resigned from Future Mortgages. Discussions between both parties have been extremely amicable. We will continue to serve the intermediary mortgage market, and our intermediary customers will recognise it is business as usual.’
An industry source added: ‘Brian has been considering this move for months, and I cannot believe he will not pop up somewhere else in the industry.’
No appointment has yet been made to replace Pitt at Future.