Former Burns Anderson chief executive Mike Hughes will head up the investment distribution arm of Castle Trust.
Castle Trust commercial director Hughes will retain his current responsibility for the company’s partnership mortgages, while taking charge of its house-price linked investments, HouSAs.
Hughes joined the firm as commercial director in June 2011 and has previously been sales and marketing director at Legal & General and head of mortgage services at Bristol & West.
Hughes says: “As Castle Trust approaches launch, it’s a real privilege to be overseeing both the investment and lending arms of what will be a market-changing business.
“We aim to open up the housing market for investors, while providing customers with much needed choice in the way they buy or remortgage their home.”
Castle Trust chief executive Sean Oldfield says: “Mike’s reputation among advisers and distributors nationally is outstanding and when the opportunity came to appoint him to this role, it required little thinking time. We’re confident that we have in place the first class team to drive the business on past launch.”