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Premier ditches search for MD

Premier Mortgage Service is no longer looking for a successor for current managing director John Malone.

Malone had told Money Marketing that following a series of interviews, PMS would be appointing his replacement in March, with him becom- ing chairman.

It is thought former Acc- ord managing director Linda Will was recently offered the job by parent company Bankhall but turned it down.

Bankhall says another managing director will not be appointed for the mortgage club in the immediate future, with Malone committed to staying at the firm for anot- her 18 months.

Bankhall chief executive Peter Mann says: “We are delighted to see John’s ongoing commitment to the business and feel that, at this time, the best result is the maintenance of the status quo. The mortgage market is going through a period of considerable instability and various commentators speculate how long this will continue for. We were flattered by the number and quality of individuals who exp-ressed an interest in the managing director position but ultimately feel the internal resources we already possess are more than capable of continuing growth.”

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