As director of savings and unsecured lending, Cornelius will be responsible for HML’s strategy and business development in these areas.
HML said that expanding beyond mortgage administration was a key part of its strategy, with savings and unsecured loans likely to become a significant part of its business in the next several years.
The company revealed it has already been active in both markets since last year and that it is currently in discussions with various financial institutions, while building its administration capability.
A spokesperson said that the move had been driven by the market’s increasing focus on retail deposits and financial firms seeking out administrative solutions.
Neil Warman, chief commercial and finance officer at HML, said: “Expanding into these new markets is central to HML’s strategy. We recognise we need to invest in our capability in order to succeed and I am delighted to welcome Ian to the team. He offers great experience across the financial services industry and has outstanding credentials to help us to develop our offering.”
Cornelius said: “As an established outsourced service provider, HML can demonstrate the credibility and stability to launch into these new markets with confidence. I am very optimistic about what the future holds and I am looking forward to helping HML broaden its presence in the UK financial services sector.”
The wholly owned subsidiary of Skipton Building Society currently manages £40bn of mortgage assets for more than 30 UK and Irish companies.
HML previously administered savings several years ago, before focusing on mortgages during the boom.
