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HML hires former Virgin Money director of banking

Former Virgin Money director of banking Ian Cornelius (pictured) has joined HML as its new director of savings and unsecured lending.

The firm currently provides outsourced mortgage administration to over 30 UK and Irish financial institutions and has around £40bn assets under management but it is looking to launch into savings and unsecured lending administration.

Cornelius, who has also worked for both Bradford & Bingley and Capital one, will be responsible for developing the business in these areas.

HML chief commercial and financial officer Neil Warman says: “Expanding into these new markets is central to HML’s strategy. We recognise we need to invest in our capability in order to succeed and I am delighted to welcome Ian to the team.”

Cornelius says: “As an established outsourced service provider, the firm can demonstrate the credibility and stability to launch into these new markets with confidence.”

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Comments

There are 3 comments at the moment, we would love to hear your opinion too.

  1. Sandra McWhirter 6th January 2011 at 9:12 pm

    Is that to make up for Virgin withdrawing from 2 contracts with HML in the past 2 years?

  2. That’s a speculative throw-away comment. For a senior and respected industry figure like this to join them shows how serious they are about these new markets. He must have been impressed with the company and plans to sign up for this role.

  3. Sandra McWhirter 7th January 2011 at 8:50 pm

    Serious?? HML?? If they were that serious about looking for new business then why have they not invested in proper IT systems that have been lacking for years and with no plans to do so?
    Thats why they have lost major contracts in the last 2 years including GMAC/Virgin/Tesco.

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