Somerset (pictured) will be responsible for leading the John Charcol sales, operations and commercial teams based in Southampton.
Somerset began his career at Lehman Brothers and then joined Contractor Financials as head of administration. Following the acquisition by Contractor Mortgages Made Easy in 2015, Luke was appointed as a board member of the Niche Finance Group to merge businesses and cultures.
As business development and commercial director, he led mortgage lender relations to provide a regular flow of exclusive and semi-exclusive deals and the delivery of dedicated teams of underwriters with high-street and specialist lenders.
Somerset said: “John Charcol has real potential for significant growth so I am very much looking forward to making my contribution to its continued success. We have a leading proposition, a great team and exciting plans which is a massive attraction to joining the business.”
Mark Fleet, CEO of John Charcol said: “Luke is a great signing for John Charcol and his appointment reflects our growth strategy and our status as the premier mortgage broker within the UK marketplace. His appointment also reinforces our commitment to actively invest in growing our business”.
Ex-CEO Simon Knight stepped down from John Charcol in June after completing the management buyout from Towergate and acquisition of Simply Finance Group.
John Charcol executive chairman, Ian Darby confirmed Mark Fleet as CEO in early October.