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Rebel packager group launches

The Alliance of Mortgage Packagers and Distributors has today announced its formal launch, after its members broke from the Professional Mortgage Packagers Alliance.

The AMPD, which has 12 members, will shortly announce the launch of a range of products from its lender panel covering the prime, self certified, buy to let and sub prime markets.

AMPD spokesman John Mawdsley said: “The launch of AMPD on the back of a successful 2005 for members, goes to demonstrate the strength of the group.

This strength reinforces our ability to build on our core values which will be improved upon by the introduction of a range of new initiatives which are aimed at raising standards within the industry.

The speed with which AMPD has been formed and launched is testament to the commitment and enthusiasm shown by its members and the AMPD lender panel.

The 12 members of the AMPD who recently moved away from PMPA are: AMF London, Independent Mortgage Processing, LMS Specialist Mortgage Services, Mortgage Bureau, Mortgage Choice UK, Mortgage Match Home Loans, Mortgage Processing Centre, Tudor Mortgage & Finance, The Mortgage Partnership, The Mortgage Trading Co, Trustguard Homeloans and Zebra Homeloans.


Fund manager leaving Templeton

Franklin Templeton growth fund manager Ken Cox is understood to be leaving the firm due to ill health. Cox has run the 144m fund since 2001 and returned 63 per cent in the three years to January 2005.

Co-op opens GI division

Co-operative Financial Services this week announced the creation of CIS General Insurance, insuring all new and renewing CIS motor, home and commercial products.CFS says creating the new division will provide greater clarity for CFS general insurance operation. The group says its GI net premium income was 649m in 2004 and 318m in the first half […]

Noddings to lead HSB investments

Roger Noddings is taking over as chief investment officer of HSBC Investments UK business. Noddings, previously CIO of HSBCs private client business, will have overall responsibility for all investment activities in the UK, heading the private client, multi-manager and liquidity investment teams.


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