Scottish mortgage broker MoneyQuest has been acquired by a consortium led by former Egg chief executive officer Paul Gratton.
Gratton takes over the broker this week with a management team including several people who were involved in launching First Direct and Egg.
He becomes executive chairman, with former Aon retail chief operating officer Simon Jackson taking the role of chief operating officer. Andy Thompson becomes marketing and strategy director and Tony Lynch will be finance director.
MoneyQuest co-founder and managing director Paul Reynolds will remain in his role. Co-founders Steve Pollard and Derek Pollard have resigned.
Reynolds says: “The experience of the direct financial services market that Paul and his team bring to the MoneyQuest business can only add value and considerably enhances our offering to customers.”
Gratton says: “Our focus will continue to be providing expert financial advice and assistance online and by phone.”