Abbey National has appointed Luqman Arnold as group chief executive. Arnold comes to Abbey National from UBS, where he worked from 1996 to 2001 as president and chairman of the group executive board.
Lord Burns, chairman of Abbey National, said: ‘Luqman is a highly-talented and experienced banker, with a proven track record in managing complex businesses facing challenging times.
‘Luqman clearly has out-standing leadership and strategic skills, and is the ideal person to steer Abbey National back to a strong growth path.’
igroup has made two new senior executive appointments. Peter Brennan is the new chief operating officer and Graham Brent is director of originations.
Brennan, who has been with igroup since 1997, was previously the lender’s operations director. As chief operating officer Brennan has responsibility for the mortgage underwriting processing and mortgage servicing operations.
Brennan said: ‘As chief operating officer, I am committed to driving forward igroup’s reputation as a customer-centric business while continuing to provide consistent and high standards of service.’
Brent has 21 years’ experience in the consumer finance industry. He joined igroup in 1998 and has held a number of senior roles ‘ most recently as head of customer sales.
His responsibilities include building existing introducer relationships while delivering a first-rate mortgage and loan processing service.
Brent said: ‘I am committed to strengthening igroup’s bespoke underwriting team which provides multi-skilled specialists able to tailor lending solutions to each introducer’s needs.’
Mortgages plc has appointed Frank Eve Consulting to assist with the development of its through lending and whole loan sale programmes.
Frank Eve, managing director of Frank Eve Consulting, said: ‘We are delighted to be working with Mortgages plc on these two key projects.
‘I see the expansion of through lending programmes as a major growth area in the mortgage market, particularly next year. The acquisition and trading of portfolios has become an excellent method for small and medium-sized building societies to grow their asset base.’
The consultancy has been appointed on a six-month contract.