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Exact appoints compliance director

Exact has appointed Philip Horsfield as its new director of legal and compliance.

Horsfield will be responsible for overseeing the legal, compliance, internal audit and operational risk functions at Exact and Precise Mortgages.

A qualified solicitor, Horsfield joins after having previously worked with the Morgan Stanley Group where he was director of legal and compliance at Advantage. Previous to that he spent 15 years at Derbyshire Building Society.

Exact chief executive Ian Lonergan says: “Philip’s recruitment is another solid step in building Exact.  His experience in mortgage lending and his vast legal knowledge will be a great asset to us.  We wish him every success in his new role.”

Horsfield adds: “This is a very exciting time to be joining Exact with the launch of their new mortgage lender Precise Mortgages.  The team have achieved great success during a difficult time and have ambitious plans for the future.  I had no hesitation accepting a new challenge to join the team and look forward to helping the company grow and prosper further.”

Last month the Exact team launched new buy-to-let lender Precise Mortgages.

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