Cheltenham & Gloucester managing director Jon Pain has joined Openwork Holdings as a non-executive director.
The parent group of 2,600-strong adviser network Openwork says Pain will replace Phil Lynch who is retiring.
Pain’s financial services career spans 33 years with the Lloyds TSB Group across its mortgage, life and pensions sectors.
C&G is Lloyds TSB’s specialist residential mortgage provider, selling its products through 2000 branches of C&G and Lloyds TSB Bank in England and Wales. The Group currently holds a 8.8 per cent market share of the UK’s mortgage lending market.
Chief executive Stephen Leaman says: “We are delighted to have Jon join the Board. He is a superb talent who brings relevant experience and a decidedly independent view. Openwork is honoured to have attracted a director of Jon’s reputation and integrity. We look forward to his contribution in shaping the future of our business.”
Pain says: “It is an exciting time to have joined the Openwork Holdings Board. I look forward to working with my fellow board members to steer and deliver the company’s aggressive growth agenda and to build on the Openwork success story.”