A provider of mortgage advice to high net worth (HNW) individuals, has grown its London team with the appointment of a new compliance manager.
Largemortgageloans.com (LML) has appointed Reshad Rajabally (pictured) to the newly-created role of compliance manager.
The adviser, which was established in 2003, specialises in arranging large mortgages for high net worth individuals worldwide and has its principal offices in London.
Rajabally joins from Connect IFA Ltd where he was head of risk and quality assurance and will report to Yeliz Yusuf, chief operating officer at LML.
He has has over 20 years’ of compliance experience in financial services organisations, including the Bank of England, Investec Bank, Kensington Mortgages and Mantra Capital and will be responsible for reviewing all areas of risk in the business
The role is the first of several to be created in 2022. Rajabally will also set up and manage systems to mitigate risks and ensuring that all regulatory obligations are fulfilled by the compliance team.
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Due to growing client numbers, the brokerage is currently expanding its team of advisers in order to meet demand for larger mortgages, and is looking to announce further appointments in the coming months.
It also has planned office openings in Guernsey, Monaco and Dubai.
Paul Welch, founder and chief executive of LML said: “We are delighted that Reshad Rajabally has joined us in a newly created role as compliance manager, at a time when the business is positioning itself for growth.”
“Reshad will be responsible for reviewing all areas of risk in the business, setting up and managing systems to mitigate risks and ensuring that all regulatory obligations are fulfilled by the team.”
Rajabally added: “This is such an exciting time to be joining the business and my role is going to be key in ensuring the business and its advisers continue to follow compliance best practice when delivering the very best service for our clients during this time of expansion.”