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Cowan joins board of Paymentshield

John Cowan is joining the board of mortgage and protection club Paymentshield as non-executive director.

Cowan, who was formerly managing director of Pivotal, the National Australia Bank group’s intermediary consultancy business, is joined on the board by former HBOS gen- eral insurance chief executive Howard Posner, who becomes a non-executive director, and First Direct chief operating officer Richard Dixon, who joins as operations director.

The new appointments bring the total to nine since Stuart Pender became chief executive following the management buyout of Payment-shield in August 2004.

The board is led by Mike Christophers, chairman since the MBO. He was a senior partner at KPMG, responsible for leading its insurance and actuarial practice.

Cowan says: “I am delighted to join Paymentshield at a very exciting period in the growth of the business.

“Paymentshield is developing some very interesting plans for the mortgage intermediary sector and I very much look forward to working with what is a very strong management team in supporting UK mortgage advisers.”

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