View more on these topics

Oakwood to service second-charge and unsecured loans

Financial outsourcer Oakwood Global Finance has appointed Gerry McHugh as its new director of operations to spearhead the firm’s push into servicing the second-charge and unsecured loan sectors.

Oakwood already services mortgages loans. McHugh will oversee the expansion of the firm’s technology and operations platforms to allow it to enter these markets.

McHugh comes to Oakwood from Barclays wealth, where he was global head of credit operations. There he controlled the origination and servicing of all credit facilities. Prior to that, he held director level roles in the mortgage divisions of Lehman Brothers and Global Home Loans.

He says: “I am joining a senior management team with decades of experience in both financial services and investment banking, and I am confident that we will very quickly be able to develop and bring to market a new and broader service proposition.”


Back office to the future

The right technology can deliver a quality service to clients and shapes up firms to deal with RDR. Paul Kingston of Croesus Financial Services explains why his firm puts its faith in Intelligent Office

Global mishmash may cost insurers £15bn a year

KPMG has put the insurance industry on alert that it could face more than £15bn in additional annual costs if governments around the world fail to agree and implement global regulatory standards. At the ABI biennial conference in London last week, KPMG chairman of global financial services Jeremy Anderson said regions across the world are […]

The next Bric in the emerging wall

The economic growth of the Bric countries of Brazil, Russia, India and China have been the driving force of emerging market investment of the past 10 years but their success combined with fears that these countries may not be able to maintain their rate of growth has prompted some fund managers to start to look […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment