Bridgewater Equity Release head of sales and distribution Peter Welch is to leave his role after nearly four years with the provider.
Welch, who joined Bridgewater in July 2008, will leave the provider on May 31.
At present, Bridgewater does not intend to appoint a direct replacement for Welch but parts of his role will be split between director Paul Barber and business development manager Chris Prior.
Prior to joining Bridgewater, Welch spent over three years as a national account manager for Prudential, joining in October 2003.
Bridgewater, which was formed in 1998, provides home reversion plans and distributes only through intermediaries.
Welch says: “I am now at a point in my career when I can take some time out to look for my next challenge and I wish the team at Bridgewater all the best in their future endeavours.”
Equity Release Advice managing partner Stuart Wilson says: “It must be soul destroying for Peter, who is one of the most positive people I know, to be in a product area which is diminishing when the wider equity release market is very positive. I hope he stays in equity release because it would be a very sad loss.”