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Moneyquest appoints chairman to lead two-year expansion plan

Moneyquest has taken a key step in its plan to expand and challenge the leading mortgage broker firms with the appointment of its first chairman.

Angus McSween will oversee the phone and online mortgage operation’s two-year plan and steer the company towards Aim listing.

Managing director Steve Pollard and operations director Paul Reynolds aim to get the Glasgow and Edinburgh-based company up among the likes of John Charcol and other big players.

The company plans to inc-rease staff from 130 to 200 and to increase its mortgage business to 3bn. The firm will also be moving to a bigger headquarters in Glasgow city centre.

It completes around 1bn a year of high-end mortgage business, focusing on mortgages of 150,000-plus, with the majority of its business coming from the English market.

McSween is chief executive of web security company Iomart which is Aim-listed. He says: “There is great potential for further growth and expansion and I welcome the challenge of helping them to achieve that.”

Reynolds says: “Angus will provide strong strategic leadership as we look to be top in our industry sector by 2007.”

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