Dom Scott, presently sales director will take over from Pratt as CEO.
The senior management team will remain in place with Richard Merrett, technical director, taking responsibility for lender relationships.
Pratt said: “It has been a privilege for me to lead the Alexander Hall team over the years, as the business has moved from private ownership, through acquisition by venture capitalists, to the IPO as part of the Foxtons Group in September 2013. I am proud of the current business and believe that Alexander Hall is one of the leaders on the quality agenda post-MMR. I would like to thank everyone at Alexander Hall for supporting me over my time and I will miss them all.”
Alexander Hall opened its head office on High Holborn in 2013 in a bid to take mortgage advice back to the high street and improve brand recognition. The firm has 50 advisers.
Pratt said: “With the move away from bank branches to intermediaries I expect to see more and more advisers returning to the high street. Shop fronts were becoming a bit of a trend in 2006-2007 and I can see plenty more people looking at that option.”
Pratt who began his career at Barclays in 1991 and rose to managing director at MX Financial Solutions before joining Alexander Hall in 2003, told Mortgage Solutions: “Twelve years is a long time and this feels right. I plan to have a bit of time off for a number of reasons, both personal and business-related.”
On his next move, he said: “I’m very open-minded and would love to still be connected in some way to the fantastic people in the mortgage industry but it will all depend.”
Andy has no current plans after leaving Alexander Hall.