Towergate Financial chief executive Ian Darby (pictured) has stepped down from his position.
Darby, who has been appointed non-executive chairman of John Charcol, will be replaced by Dan Saulter who is currently Towergate’s chief operating officer.
Darby joined Towergate Financial in October 2008 as chief executive. Prior to this he held both executive and non-executive roles within Sesame, Home Funding, John Charcol and Bradford and Bingley.
Saulter joined Towergate in December 2007 as acquisitions director.
Darby says: “When Towergate Financial joined the Towergate Group in 2009, I was determined to lead the business back in to profitability following a tough period of trading during an uncertain economic climate.
“Having reached this milestone, it was always my intention that I would hand over the reins of the business which is in great shape, with a strong new business pipeline and led by a first class management team.”