Nationwide has announced further details on how its prime intermediary arm will operate following the planned merger with Portman Building Society on August 28.
The lender will be recruiting a substantial salesforce to commensurate with the size of the newly merged organisation. The team will report into a newly created position of head of sales for prime intermediary lending which has yet to be appointed.
Nationwide’s intermediary support team – currently based in Swindon – will be relocated to Portman’s headquarters in Bournemouth over a phased period.
Portman group development director Matthew Wyles will become executive director at Nationwide with responsibility for non-retail business.
Wyles says: “Intermediaries are at the centre of our vision for the future. Our new broker development sales force is a key element of a three year strategic development plan which will revolutionise Nationwide’s systems and service delivery to the
intermediary mortgage market.”
Divisional director of intermediary markets Peter Leydon adds: “This
announcement is tangible evidence of the Nationwide’s absolute commitment to intermediaries. My management team and I will assemble, during the coming months, a substantial and highly effective sales force to support the thousands of firms up and down the country who want to do business with Nationwide.”
Reporting directly to Leydon will be: Head of corporate development Joe Rabbitt who is currently head of intermediary development at Nationwide and head of support Peter Saint Ruth who is currently a senior manager within intermediary markets at Nationwide.