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Nationwide’s Stuart Bernau becomes new CML chairman

Nationwide Building Society commercial and treasury director Stuar Bernau today becomes the chairman of the Council of Mortgage Lenders.

He succeeds the former chairman, Standard Life Bank’s Anne Gunther.

The deputy chairmen are RBS group director of mortgage sales and intermediary development Charles Haresnape and Cheltenham & Gloucester and Lloyds TSB bank savings managing director Jon Pain.

Stuart joined Nationwide in 1990, following an earlier period at NatWest. At Nationwide he has held a number of different positions, and was appointed to the board in 1996. He is on the board of the Financial Services Skills Council.

Bernau says: “In 2005 the industry needs time to bed down on the regulatory front. One of my aims is therefore to make sure that UK and European regulatory developments do not cause short-term disruption so soon after the FSA’s wholesale overhaul of mortgage regulation.

“2005 is also set to be a slower year for the mortgage industry in terms of business volumes, and this will provide another challenge. Another priority for the CML will be negotiating with policymakers to get the right framework in place for a long-term affordable, sustainable, flexible housing market.”

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