HBOS has promoted intermediary distribution and specialist banking managing director Philip Grant to chief operating officer of its corporate division.
It has also promoted Nigel Stockton to managing director of HBOS intermediary mortgages. This will see Stockton take responsibility for all aspects of the HBOS mortgage intermediary business and its valuation business Colleys.
Grant’s new role will see him join the corporate board and take responsibility for all aspects of corporate operations.
The two promotions come into effect from April 2.
HBOS retail distribution, insurance and investment chief executive Jo Dawson says: “I want to thank Philip for his support and significant contribution to the retail division at HBOS. Appointing Nigel provides continuity within our intermediary distribution channel and this is important for brokers and HBOS alike. Strong relationships are pivotal to our intermediary business and Nigel is extremely well positioned to lead this channel to continued success.”