The Council of Mortgage Lenders has appointed Rob Thomas as its new senior policy adviser covering mortgage funding issues.
This brings the number of policy advisers to six with a total of 36 staff at the CML.
Thomas has been the project manager for the European Mortgage Finance Agency project, developing a proposal for a pan-European mortgage funding institution.
Prior to this he was a housing market and mortgage bank analyst at UBS Warburg following five years at the Bank of England as an economist.
He says: “With mortgage securitisation and the development of a UK covered bond market adding to traditional retail and wholesaled funding sources, funding is a rapidly evolving field. The implementation of Basel II is likely to ensure that this evolution continues apace. Choice of funding has an impact on mortgage product design and I hope to be able to help the CML pro-actively identify and address issues that derive from mortgage funding developments.”