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Ex-broker firm boss Matt Lowndes to step into senior MAB technology role – exclusive

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  • 20/08/2019
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Ex-Coreco MD Matt Lowndes is set to start at Mortgage Advice Bureau (MAB) on 1 September as business consultant in the proposition team.

 

 

Proposition is the mainly digitally-focused link between distribution and head office ensuring MAB advisers receive the best technology solutions regardless of business model, said MAB, adding that customer acquisition and nurture remain MAB’s focus.

Peter Brodnicki, CEO, at AIM-listed mortgage advice firm MAB said how delighted he is Lowndes is joining the team, adding: “We build our own technology, we have significant resource, and it’s in our DNA but the winners in tech won’t replace brokers but instead make them a clear and compelling choice regardless of the simplicity or complexity of the transaction or the experience and confidence of the consumer.”

He added: “The proposition team is tasked to ensure MAB’s digital capabilities reflect the requirements and ambition of our distribution, our customers, and our lead sources. Matt drove the technology agenda at Coreco, and like MAB, sees the endless benefits that rapidly evolving technology can bring to the intermediary sector and the customer experience.

“Matt is another exciting addition to our team and will help bring our distribution even closer to our highly innovative in-house tech team, leveraging the ideas and expertise of both,” he added.

 

The Coreco years

Lowndes stepped back from Houndsditch-based London broker Coreco in July after 10 years at the company, with fellow director Andrew Montlake stepping into the role.

Montlake said: “Matt will always be a close friend of mine, Jules and Coreco. We of course wish him all the best in his new role and are sure he will make a real difference to MAB.”

Since 2009, Coreco has grown from a small start-up, to a company of over 50 people and 32 registered individuals. The firm advises on almost £1bn worth of mortgages annually and is now led by Montlake and Julian Ingall, head of the specialist finance division.

Lowndes retains a shareholding in Coreco and also plans to begin an Open University course in data management in his spare time in October.

Lowndes said: “I am excited to take this next step of my journey with a forward-looking and highly innovative company like MAB. It was always important to me that I would be pushed, challenged and expand my knowledge in my next role, and after speaking with Peter and Ben I know that this will be the case. I have known them both a long time and it quickly became clear that this was the challenge I needed.

“This role will give me the opportunity to be able to help deliver innovative solutions that improve both the client and adviser journey. I think I can make a difference and I am absolutely delighted to be joining MAB and can’t wait to get started

“I always said I wanted to ensure my next adventure wouldn’t be boring and this will be far from that.”

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