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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.”

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