Imla reveals management restructure
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The Intermediary Mortgage Lenders Association will now be headed up by a board of directors in a management restructure.
Former executive director Peter Williams will now become executive chairman alongside a board of directors. Former Imla director and Homefunding chief executive Tony Ward will act as Imla deputy chairman.
The new Imla board of directors is made up of GE Money Home Lending chief executive Colin Shave, Cheltenham & Gloucetser head of intermediary sales Kevin Purvey, Chelsea Building Society divisional director Tom Gurrie and Platform sales and proposition director Lee Gladwell.
Williams says: “This is a year of transition for Imla, and for the industry as a whole. With many changes underway in member firms, we have decided to opt for an executive chairman backed by a strong board of directors. We feel this is the right management structure in the current environment and will represent the best interests of members. We see this as very timely as we go forward with the FSA’s Mortgage Market Review.”
Imla is also forming a cross industry mortgage funding group aimed at restoring mortgage market liquidity. It will be open to an industry-wide membership, not just Imla members, as a common interest group concerned with restoring liquidity in the mortgage market.
Ward says: “There are signs of some recovery in the wholesale funding markets, but a very evident and significant shortfall in mortgage funding remains. It is our aim to identify barriers and weaknesses, propose solutions and lobby key constituencies to address them.”
Outgoing directors include GMAC-RFC chief executive Godfrey Blight who has served as chairman for two years, Paragon Mortgages managing director John Heron who has served as both chairman and deputy chairman and CHL managing director Bob Young, none of whom stood for re-election.
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Readers' comments (1)
Decision makers take action! | 25 Nov 2009 3:24 pm
Impressive! Out with the motley and in with the crew!
A true sense of nostalgia overcomes me when remembering those, what can only be described as fun but ‘inconsequential yester years’ when the likes of Guy Batchelor, no less, was sitting in the chair. But now on to the more serious matters in hand.
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