Hodge Lifetime MD Jon King leaves the firm
Share
Hodge Lifetime managing director Jon King is leaving the firm amid a restructuring of its equity release business.
The firm announced in June that it was reducing its lending for new equity release plans going forward. King joined Hodge Lifetime in 2000 and was appointed managing director in July 2003.
Julian Hodge Bank managing director David Austin says: “Jon has been instrumental in the success of Hodge Lifetime over the past 10 years.
“He was at the forefront of the organisation’s rebrand from Hodge Equity Release in November 2008 and has been largely responsible for making it a major player in the equity release industry. He has also led the launch of our new pension annuity business. On behalf of everyone at the bank I would like to wish him every success for the future.”
King says: “I have greatly enjoyed my ten years with Hodge Lifetime and all that we have achieved at the company. During my time with the group, I have strived to ensure that Hodge Lifetime offers innovative equity release plans which older homeowners really want and need. With the restructuring of the business, I believe the time is right for me to move on to pursue new opportunities elsewhere.”
Hodge says the restructure allows it to focus on its annuity business. It will continue to write new equity release business but at reduced levels and will also write top ups and honour drawdown facilities for existing equity release customers.
If you enjoyed this article, sign up here to receive daily email updates from Money Marketing and Follow @_moneymarketing
