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Soutar picked to head operations at Virgin Money

Virgin Money has recruited Capita’s Gordon Soutar as operations director with Brian Brodie becoming customer and distribution director.

Soutar joined Capita’s life and pensions arm as operations director last June and was previously HML’s chief operating officer.

Brodie will be responsible for all Virgin Money’s distribution channels, including intermediary sales, branches, contact centres and online sales.

Former HML chief executive Brodie joined Virgin in January as operations director after leaving third-party servicer HML in November. He joined HML as managing director in January 2008 and was made chief executive in October 2009.

Richard Branson’s Virgin Money bought state-owned Northern Rock in November in a deal worth £747m, which could rise to more than £1bn.

MoneyQuest managing director Simon Jackson says: “The bulk of Northern Rock’s mortgage business was written in the intermediated space so it makes sense to put someone in this role who has got a lot of experience in this area, given his time at RBS.”


PosSol director McCourt quits

Positive Solutions risk and compliance director James McCourt is leaving the firm. McCourt has been with the firm since September 2010 and is leaving to take up a senior regulatory position with a product provider. He has held senior roles as head of regulatory compliance at Royal Bank of Scotland and as risk director at […]

Dampier hits out at active manager talent pool

Hargreaves Lansdown head of research Mark Dampier has hit out at the lack of good active fund managers after reducing the number of funds in the Wealth 150 to its lowest level. Dampier says there are now 121 funds in the Wealth 150 and predicts the number is likely to get lower as the RDR […]

Ignis to launch absolute return product for credit team

Ignis Asset Management has confirmed it is planning to launch an absolute return fund for head of credit Chris Bowie in the summer. The intention to launch an absolute return bond fund was first revealed by Money Marketing in June last year. Bowie, alongside 15 members of the credit team, will manage Ignis’ new absolute […]

How can I help develop my professional connections?

Graeme Ballantyne, business consultancy manager, looks at how you can maximise the opportunities through your professional connections As we move through the summer months it’s perhaps a good time to pause and reflect on whether the plans you’ve made for your business are bearing fruit. One area we at PruConsulting know many advisers have been […]


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