Legal & General network announces new appointments for the mortgage club.
19 April 2013
-Jeremy Duncombe appointed new Director of Mortgages
-Promotion announced for Ben Thompson
Legal & General Network today announces the appointment of Jeremy Duncombe as Director of Mortgages alongside an elevated senior role for Ben Thompson. Duncombe will report into Ben Thompson, the Club's Managing Director, who now takes on a broader role developing wider strategic opportunities, across the Mortgage Club and Network.
Stephen Smith, Director, Housing and External Affairs for the Network becomes Chairman of the Club, as well as retaining executive responsibility for Legal & General's estate agency and survey businesses. Both Ben and Stephen will report to Duncan Crocker, Managing Director of Legal & General Network.
Duncombe was most recently Head of Sales with Abbey for Intermediaries (AFI), a position that he held for over two years. His previous experience includes a successful and progressive career at Platform and a new business start up as Director of Sales with Advantage (the UK specialist lending arm of American investment bank Morgan Stanley). This new appointment for Legal & General Network follows a year in which the Group announced a 26% share of the mortgage intermediated lending market, claiming number one spot for the first time in this sector.
Duncan Crocker, Managing Director, Legal & General Network said;
"Jeremy has delivered very well wherever he has been and I know he will be a popular and successful appointment for us. He brings with him a wealth of experience in the financial services sector, with lenders and intermediaries and I am looking forward to working with him. I am also pleased with the expanded role for Ben who will join the Network executive team and focus on taking the Club to its next strategic level by developing potential opportunities through wider Legal & General Group synergies and brand leverage.
"It is very important for us that we recognise the scale and standing of the Club as a strategic enabler. We will continue to invest in providing the highest level of support for our members, to ensure we deliver the best service and propositions, as well as maximum all round value to all our trading partners, as well as for Legal & General. Further strengthening the management team in this area is important and will ensure that the Club continues to move forward at pace and build on its unique sector strengths, especially at this time of such transformational shifts in the broader intermediary sector."
Notes to editors
About Legal & General
Established in 1836 L&G has been in business for 175 years, illustrating the company's credibility and experience in every kind of economic climate. Legal & General currently has over 7 million customers for its life assurance, pensions, investments, general insurance plans and mortgage products. In the mortgage market, L&G aims to deliver customers the right mortgage, protection and related solutions for their homes and families by providing their advisers with outstanding products and expert business support
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