Aldermore seeks director of mortgages as Thompson promoted
Thompson (pictured) succeeds Sue Hayes, who is departing the bank.
Aldermore said the director of mortgages position would be open internally and externally, with the recruitment process beginning shortly.
“Aldermore always looks for the right talent to fulfil our roles. We will announce our new director of mortgages as soon as we appoint,” it said.
The lender pointed to its track record of promoting from within as when Claire Cordell was raised from director of finance to chief financial officer last September, succeeding James Mack who is to join Barclays UK as chief financial officer on 3 February.
“Damian’s appointment once again shows the depth of talent within Aldermore,” said Philip Monks, chief executive at Aldermore.
“Damian has made a significant contribution since he joined us, driving growth in our mortgage offering particularly in first-time buyer and buy-to-let markets.
“He’s a dynamic, knowledgable and well-regarded speaker on the mortgage sector. His appointment ensures we’ll continue delivering great products and service for retail customers,” Monks added.
Thompson joined Aldermore in 2017 on an interim basis and was appointed permanently in August 2018. He previously served at HBOS, Principality and Newcastle Building Society.
FCA chief Bailey to take over at Bank of England
An interim FCA chief executive will be appointed before Bailey’s departure to manage the organisation until a permanent successor is chosen, HM Treasury said.
Bailey has led the FCA since July 2016, having previously held the role of deputy governor of the Bank of England for prudential regulation and CEO of the Prudential Regulation Authority (PRA).
He has been a member of the bank’s Financial Policy Committee since 2012.
Bailey will be the 121st governor in the bank’s 325-year history and the ninth to be appointed since the bank’s nationalisation in 1946.
He has been appointed for an eight-year term and will receive a salary of £495,000.
Carney, who took on the role in 2013, has once again extended his stay in the position, this time just from 31 January to 15 March, to facilitate the departure.
He previously extended his notice period twice to help ensure a smooth Brexit process for the national economy.
Bailey said it was a tremendous honour to be chosen as governor, particularly at such a critical time.
“The bank has a very important job and, as governor, I will continue the work that Mark Carney has done to ensure that it has the public interest at the heart of everything it does,” he said.
“It is important to me that the bank continues to work for the public by maintaining monetary and financial stability and ensuring that financial institutions are safe and sound.
“I am committed to the bank being an accessible and approachable institution, as well as an open and diverse place to work,” he added.
Bailey also thanked his colleagues at the FCA for their work during his time leading the regulator.
Carney said he was delighted to welcome Andrew Bailey back to the bank as its next governor.
“Andrew brings unparalleled experience, built over three decades of dedicated service across all policy areas of the bank, and most recently as CEO of the FCA,” Carney said.
“Andrew is widely and deeply respected for his leadership managing the financial crisis, developing the new regulatory frameworks, and supporting financial innovation to better serve UK households and businesses.
“Over the years, I benefited greatly from his support and wise counsel. I wish Andrew and the bank continued success in their work to serve the people of the United Kingdom by maintaining monetary and financial stability,” he added.
Announcing the appointment, chancellor Sajid Javid said: “When we launched this process, we said we were looking for a leader of international standing with expertise across monetary, economic and regulatory matters.
“In Andrew Bailey that is who we have appointed. Andrew was the stand-out candidate in a competitive field. He is the right person to lead the bank as we forge a new future outside the EU and level-up opportunity across the country.
“I also want to take this opportunity to thank Mark Carney for his service as governor. The intellect, rigour and leadership he brought to the role during a critical time was a significant contribution to the UK economy moving to recovery and growth,” Javid added.
History at the bank
Bailey joined the bank in 1985 and has held roles including executive director for banking services and chief cashier, private secretary to the governor, and head of the international economic analysis division in monetary analysis.
Treasury noted that he led much of the bank’s work on bank resolution and supervision following the crisis of 2007/9 and that he has extensive international experience through his work with the Financial Stability Board, and the International Organisation of Securities Commissions.
The process for recruiting a permanent FCA chief executive will be run by HM Treasury and will follow the government’s Principles of Public Appointments and Governance Code, as overseen by the Office for the Commissioner for Public Appointments.
Brightstar makes changes to senior manager roles
Darren Perry has been promoted to the newly created role of national account manager.
Perry will work with Brightstar’s network and club partners as well as appointed representatives and members making sure they have the right tools and support grow their businesses, the firm said.
Alongside Perry’s promotion, Michelle Westley, head of marketing at Brightstar Financial, will expand her role, working with the management teams at networks and clubs.
Brightstar will also be expanding its team, with the recruitment of an internal sales and marketing executive.
Bradley Moore (pictured), managing director at Brightstar Financial, said: “We firmly believe that there is absolutely no reason why a broker should turn away any genuine client and are always on hand to ensure complex cases are made easy.
“In his new role, Darren will work collaboratively with Brightstar’s partners to make sure more brokers are able to identify and place even more possibilities, and more clients can benefit from an expert approach to specialist finance.”
Darren Perry, national account manager at Brightstar Financial, added: “I’ve worked at Brightstar, as an expert in second charge mortgages, for a number of years now and I have first-hand experience of what a difference we can make to the lives of our brokers and their clients.
“I’m really looking forward to getting stuck into this new role and, working alongside Michelle, helping more of our partners to create more opportunities for their brokers, and more solutions for clients.”
James Bloom departs as short-term lending MD at Masthaven
Bloom joined Masthaven in 2016, when he was appointed managing director of its development finance division, the department he was tasked with establishing.
He was appointed to head the short-term lending division in November 2017.
A spokesperson for Masthaven said: “We can confirm that James Bloom will be leaving Masthaven at the end of October.
“James has worked with dedication to help develop Masthaven’s short-term lending proposition and has overseen numerous product launches. We would like to thank him for his work and commitment to Masthaven’s vision. We wish him the best of luck.
Changes at the top
Earlier this week Masthaven reshuffled its senior department with new hires and internal promotions.
Leigh Bartlett was appointed chief financial officer and executive director while managing director Jon Hall was made chief commercial officer and deputy chief executive.
Furthermore, Tricia Halpin was promoted to chief people officer and Paul McCan was promoted to chief technology officer.
Bridge Invest hires trio including BDM
Erbil Erbil (pictured far left) joins as an experienced business development manager from PBF Investments.
He started his career with new-build developer Ulus Group before moving to Payment Cloud Technologies to work on the development of lite-banking products.
Ross Laurie (far right), who worked at LendInvest, joins as a credit analyst and George Durrant (second from left) joins as a loan monitoring officer.
Chief investment officer Vivek Jeswani (centre right) said: “As Bridge Invest continues to grow and given bright outlooks for 2020, our three new hires will support our expansion.
“Hiring a second BDM was a natural progression for us. Our BDM’s help process and underwrite loans as well as develop broker relations, making Erbil a key new addition to our team”
Aspen appoints FD and Sirius recruits commercial finance specialist
Bhogal (pictured), who previously worked for Aspen’s parent company S&U PLC in the positions of financial accountant and company secretary, will monitor and forecast business performance.
In line with Aspen’s time-based service targets, she will also be involved in overseeing the administrators for fund releases for loans and drawdowns, which establishes pay-out of funds within three hours of receiving a report on title from solicitors, followed by same-day broker commission payments.
Jack Coombs, director at Aspen, said: “We’ve known Manjeet for many years and she has got the skill set to really make a positive impact on our business, her grounding in the credit market and knowledge of S&U’s operations gives her an in-depth knowledge and experience which is second-to-none.”
Sirius appoints commercial finance specialist
Sirius Property Finance has continued its expansion with the recruitment of a commercial finance specialist.
Geoff Vickers joins the commercial real estate and SME finance team to support the specialist finance broker’s increased focus on this sector.
Vickers is a law graduate and chartered banker with more than 38 years’ experience in commercial and corporate banking, during which time he has been a business development director at Lloyds Banking Group and a business development partner at Clydesdale Bank.
Sirius Property Finance co-founder Nick Cristofi said the brokerage planned to extend its focus to new opportunities in the commercial market, including hotels and care homes, and Vickers’s recruitment was expected to help develop this area.
Christofi added: “There is increasing demand in the commercial sector and this is an area where we expect to see growth in our business.
“We are recruiting sector experts like Geoff to ensure we deliver our clients the type of experience they have come to expect from Sirius.”
Vickers said: “I am looking forward to working with the team to help develop this side of the business.”
Openwork appoints Mark Knowlton as COO
Knowlton (pictured) joins from GBST, a financial services tech firm, and will be responsible for business operations, technology and business change functions.
He has more than 20 years of experience in digital technology and leadership roles, including six years at Macquarie Bank in Australia and eight years as chief information officer for AXA UK.
Mark Duckworth, chief executive officer at Openwork, said Knowlton’s “vast experience” would be “fundamental” to the firm’s long-term success.
Knowlton added: “I am delighted to be joining Openwork at such an exciting time for the business and look forward to working with colleagues across the Openwork network to support its growth and development.
“I am passionate about giving advisers and their clients a market leading financial advice platform and service.”
Laura Sneddon joins Masthaven as national account manager
Sneddon (pictured) joins from The Mortgage Lender where she was national account manager responsible for supporting intermediary partners across the business, having progressed from key account manager.
She will be responsible for building and maintaining strong relationships with a portfolio of accounts, while also supervising and supporting regional managers to maximise sales leads within these accounts.
“Laura has a wealth of financial services experience and has been appointed to the newly created role as part of Masthaven’s ongoing expansion,” the lender said.
Her career includes a stop at Together as business development manager.
Sneddon said she was delighted to be joining the Masthaven team.
“It’s exciting to be part of an engaging and motivated team with a company culture that welcomes change,” she said.
“I’m looking forward to working with my accounts to continue the great work the team has started.”
Masthaven sales director Rob Barnard added: “Masthaven continues to invest in hiring the best senior talent as well as developing and training our current team.
“Laura has extensive experience in the financial sector, and we are confident she will add a significant strength to our growing leadership team.”
Just Mortgages appoints trio of divisional sales directors
The roles are focused on enhancing lead identification and cross-sales opportunities and on developing staff.
Peter Kendall has moved from his role as regional compliance manager to sales director for Derbyshire, Nottinghamshire, Leicestershire and Lincolnshire, based in Derby.
Mike Peet joins from Countrywide and will be based in Bedford covering the South Midlands.
Tony Richards was promoted from within to become sales director for the South West.
“My passion is developing people. The company encourages everyone to be the best they can,” said Kendall.
John Phillips, group operations director for Just Mortgages and Spicerhaart, (pictured) added: “Tony, Pete and Mike bring a wealth of expertise, experience and passion to the team. We expect these appointments to be instrumental in the continued growth of the company.”
Clare Jarvis departing Pepper Money
Pepper said Jarvis (pictured) had decided to leave the firm and will remain with the lender during her notice period until her departure towards the end of the year.
Jarvis has more than 20 years involvement in financial services and joined Pepper as head of national accounts in April 2018, before being promoted to her present role in January.
She joined from Accord where she had managed corporate accounts, and also has experience as an underwriter, broker and packager as well as senior sales roles at Santander and New Street.
Pepper Money sales director Paul Adams said: “I’d like to thank Clare for all of her hard work and determination in helping Pepper Money to achieve such strong distribution and an enviable reputation in the specialist mortgage market.
“Clare has played a key role in helping to put in place our foundations for growth and, while she is stepping away from the business to explore new opportunities, she leaves Pepper Money in an excellent position,” he added.
Jarvis added: “I am extremely passionate about the intermediary industry and am very much looking forward to my next venture.
“I have had a great time working with a very skilled team and wish them every success as they continue to go from strength to strength.”