You are here: Home - News -

Legal and General’s director, housing strategy Stephen Smith to retire – exclusive

by:
  • 10/11/2017
  • 0
Legal and General’s director, housing strategy Stephen Smith to retire – exclusive
A memo to Legal and General staff sent out today and shared with Mortgage Solutions confirmed Stephen Smith, director of housing strategy will retire at the end of the year.

Legal and General’s MD partnerships Mark Holweger confirmed Smith’s plans after a meteoric 24 years with L&G, alongside 14 years on the Association of Mortgage Intermediaries (AMI) board and several years as deputy chairman and member of the Bank of England’s residential property forum.

Smith joined Legal & General in 1994 to relaunch the insurer’s mortgage lender, Legal & General Mortgage Services and led the sales and marketing team there to award winning success, launching the UK’s first ‘flexible mortgage’.

Smith ran the new housing area’s marketing department and took on responsibility for the Mortgage Club, the surveying company – LGSS and its estate agency chain. In 2003 he drove the project to launch the L&G mortgage network and served on the board though to its eventual wind up in 2016.

He has also served on the Boards of Penrith-based technology company The Idol and lifetime mortgage lender, Legal & General Home Finance.

Holweger said: “I know that Stephen has many plans for his retirement and it is unlikely that he will not retain his interest in some way in the mortgage and housing markets. I would like to take this opportunity to thank him for his significant contribution to the growth and success of the company over the last quarter century and wish him well for the future.”

Smith said: ““I am looking back on 40 years in the mortgage market, and it’s amazing how far we have come, and it just gets busier and more exciting every year. But there is a time to take this step and it feels to me to be the right thing to do now.”

“I’m sure there will be many amazing opportunities and challenges in the mortgage market over the next few years, and I look forward to watching how my colleagues and friends in the industry deal with them,” he added.

 

There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.

Profiles

Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.

Marketwatch

Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.

Poll

Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
/IMG/673/282673/fca-building.jpeg
Capita Financial Managers to pay up to £66m compensation to wronged Connaught investors

The Financial Conduct Authority (FCA) has announced that Capita Financial Managers Limited (CFM) has been publicly censured and will pay...

Close