Portillion expects to name chief financial officer soon
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Would-be lender Portillion says it is close to appointing a new chief financial officer, following the resignation of CFO David Hill.
Hill handed in his notice in December, after almost two years with the firm.
Roger Brown, sales and marketing director at Portillion, says: “Hill resigned to pursue other career opportunities and the company is in the advanced stages of appointing a replacement.”
Portillion is in the middle of applying to the Financial Services Authority for authorisation to become a mortgage lender. It plans to launch a range of savings products direct and mortgages through brokers.
Mortgage Strategy revealed in June 2011 that the business had secured over £58m in investment from SBI Group of Japan and had set an original launch date of January 1 2012.
Brown says that although it has missed its January 1 deadline, it is confident it will launch in 2012.
Stephen Knight revealed plans to launch a lender called Checkmate Mortgages in 2007 which was rebranded Portillion in February 2010. Knight stepped down in February 2011 because of a brain tumour.
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