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Malone is eager to play on

Premier Mortgage Service managing director John Malone has not put a date on when he will hang up his boots after comparing himself to David Beckham.

Malone has agreed to stay on at PMS for at least another two years, as he indicated when announcing in June that his eventual successor would be former head of The Mortgage Alliance Steve Atkins.

But he refuses to be drawn on when he will retire from the mortgage industry and compares himself to US-bound Beckham.

Malone has also hit out at critics that have claimed PMS, and other mortgage clubs, could suffer from the creation of the high-net-worth alliance Concordia.

He says: “I am 63 and I have just signed another contract but I will not necessarily finish then. I am like David Beckham. He still sees a lot of value in what he is doing and so do I.

“The big lenders are deciding where they see the market going and they are not going to ignore the clubs and networks that control 100bn of business for an alliance of 10bn.”

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