View more on these topics

GMAC builds team in bid to boost lending

All-status mortgage lender GMAC RFC is overhauling its management and sales teams in a bid to strengthen its position in the lending and securitisation markets.

Following its move earlier this year to boost its presence in the sub-prime sector by slashing rates across its product range, GMAC has made a series of appointments to new positions.

Richard Swales joins as director of business planning from Barclays, where he was responsible for the integration of Woolwich into the Barclays group.

Tim Williams is GMAC&#39s new human resources director, joining from energy supply firm Centrica where he held a number of senior human resources and management positions.

Eileen McMillan joins as head of credit risk from the UK division of online credit card provider NextCard Inc, where she was chief financial officer responsible for lending risk.

Rob Green steps up to become head of intermediary sales and Roger Brown has been appointed head of key accounts. Both were previously regional sales managers for GMAC.

Paul Brocklehurst joins as information technology director from electrical warranty insurer Domestic & General, where he performed the same role.

There are also a number of new regional sales executives. Simon McLean joins from Skipton Building Society, Jo Broccolo and Mike Hartley from Halifax, Stewart Green from SG Mortgage Services and Paul Adams from Cheltenham & Gloucester.

Chief executive Colin Duggleby says: “These newly created roles will enable us to strengthen our management and salesforce teams and also ensure we are on target for transforming the way mortgages are funded in the UK.”


The ins and outs of contracting

Contracting out is a risky business these days. So too is contracting in and remaining in Serps or its replacement, the state second pension. But there are things we can do that will help customers to understand the risks they face. Re-educating them will be an important first step, particularly if they have been contracted […]

HSBC – Isa Plus

Tuesday, 12 June 2001.Type: Dublin based closed ended fund for HSBC customers Pep maturities.Aim: Growth by investing in HSBC UK equity growth 3.Minimum investment: £3,000.Investment split: 100 per cent in HSBC UK equity growth 3.Yield: 75 per cent of growth in FTSE 100.Charges: None.Commission: Initial 3 per cent.Tel: 0800 181890. 

Another fin mess by FSA?

The FSA is considering forcing providers to use website addresses with .fin suffixes in a bid for consumer protection. The scheme would see all regulated firms using .fin addresses, with the aim of assuring users they were dealing with an FSA-regulated company. The plan is raised in a discussion paper this week which claims it […]

Myners backing the IFAs&#39 battle

Gartmore chairman Paul Myners came out fighting for IFAs and against depolarisation this week following an adviser&#39s protest over his comments about the with-profits market in the Myners report. The adviser&#39s comments, which accused Myners of insinuating that IFAs select with-profits products on the back of commission bias, were put to Myners in a letter […]

Health - thumbnail

Healthcare predictions for 2015 from Jelf Employee Benefits

The continuing fall-out from the Competition and Markets Authority’s (CMA’s) review, the rise of the private GP and digital engagement will be the primary focuses in the private healthcare industry during 2015, according to Iain Laws, managing director, healthcare and group risk, at Jelf Employee Benefits.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm