Walsh joined LBG in 2006, where he has held a number of roles, and previously spent ten years at US mortgage lender Wells Fargo & Co. Prior to this he worked for American Express and GE Capital.
Martijn van der Heijden, of HSBC, will continue his role as a CML deputy chairman for a third year, and will be joined in 2011 by Vim Maru, of Santander.
Walsh said that his key objective as CML chairman will be to harness the different types of expertise among the mortgage lenders, from banks, building societies and specialist lenders.
Walsh said: “This year, the CML will do its utmost to help regulators and the government to embed the right regulation to achieve the sustainable market they seek for the future.
“UK mortgage lenders have been helping people to buy their own homes for more than 150 years: there is no question that we are ‘socially useful’. The mortgage market really affects people’s lives, probably more than any other area of retail financial services, and I am determined to help ensure that as an industry we deliver to the best of our ability, whatever the underlying economic conditions.”
