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Vertex completes Exchange purchase

Vertex has completed the 95.3m acquisition of Marlborough Stirling, owner of The Exchange.
Andy Hunt has been appointed managing director of Marlborough Stirling, replacing the old chief executive Mike OLeary who has left the company. Hunt was previously sales and marketing director of Vertex.
Non-executive chairman Geoffrey Harrison-Dees has also left the company along with non-executive directors Paul Fullagar, Colin Hayfield and Paul Seymour.
Marlborough Stirling becomes the financial services division of Vertex. The Exchange managing director David Child will report directly to Hunt.
Hunt says: “The coming together of Vertex and Marlborough Stirling creates the only player able to offer the broad combination of technology and outsourcing capability needed to manage open and closed book administration and new business acquisition within both the life & pensions and mortgages markets.”

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