Thompson starts his new role at the AIM-listed provider of online B2B platforms for the UK conveyancing and financial intermediary markets on 11 November.
He leaves his current post as director, banks and affinities at Legal & General.
Thompson will assume responsibility for the day to day running of all ULS products and services, with a particular focus on extending the firm’s relationships with mortgage providers.
He reports into Nigel Hoath, who will move to the role of CEO from managing director. The appointment enables Hoath to focus on the strategic growth of the group and delivering on the business plan.
Thompson was reshuffled within Legal & General on 7 January this year to the insurance role after a reportedly chaotic restructuring at L&G, which also saw several redundancies.
Stephen Smith director of housing and external affairs at L&G said at the time: “This is the January transfer window and our star player has moved up to a bigger team.”
By the time he left, Thompson had increased the mortgage market share from 9 to 28% since he joined the club in 2007.
Thompson has worked in the financial services sector for 28 years following senior roles at Legal & General, St. James’s Place, Paymentshield and Winterthur Life.
Nigel Hoath, CEO, said: “We are delighted to appoint Ben as the managing director of ULS. He will concentrate on improving existing products and selling these to new clients. We are confident that his excellent relationships within banks, building societies and other mortgage providers will enable us to further broaden our client base. Ben’s appointment brings additional breadth and depth to our management team as we prepare for the next stages of growth.”
ULS offers a range of products and support services to the legal, property and financial services sector, including eConveyancer.