Richard Tugwell will be taking up the position of director of mortgage distribution, Vida added.
Sedgwick (pictured) has been at the lender for almost five years, initially joining as director of sales – mortgages in the summer of 2016.
She was promoted to managing director of mortgages at the start of last year and has seen the lender through the Covid-19 pandemic.
At the same time she became the first woman to be elected as chairman of the Intermediary Mortgage Lenders Association (IMLA).
Sedgwick previously spent two and a half years at Leeds Building Society after nearly two decades with Bradford and Bingley.
Tugwell appointed
Tugwell joins Vida from Together where he spent almost four years as group intermediary relationship director.
He has more than 30 years’ experience in the UK intermediary market and was formerly director of intermediaries at Virgin Money and an ex-director of IMLA.
Vida said Tugwell would be joining as it looks to accelerate growth plans with a series of significant product and service improvements over the next few months.
Vida CEO Anth Mooney said: “I’m thrilled to announce that Richard will be joining us for the next phase of Vida’s journey.
“We are investing to improve our products, pricing and service levels to take advantage of the growing specialist market post-Covid and, having worked closely with Richard for over 20 years, I know that there is no-one better equipped to help us deliver our growth ambitions.
“I would like to take this opportunity to thank Louisa for her contribution to Vida. She has been an important part of the Vida story and we wish her well for the future.”
Tugwell added: “The specialist lending sector is an important and growing part of the wider mortgage market.
“Vida has ambitious plans for the future, and I am delighted to be coming on board for the next exciting stage in its journey. I look forward to working with Anth again and with Vida’s highly experienced leadership team and can’t wait to get involved.”
Mortgage Solutions has contacted Sedgwick.
