Michael Bolton joins Clayton Euro Risk
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Michael Bolton, ex-chief executive of Edeus and former head of specialist lending at HBOS, has joined Clayton Euro Risk as director of sales and marketing - Europe.
Clayton Euro Risk, is one of the UK and Europe’s largest loan and mortgage asset risk assessment and due diligence businesses.
Bolton has recently been consulting to Clayton Euro Risk on its international strategic direction.
Tim Keast, president and CEO of CER, says: “The market has been slowly but surely emerging from its depths over the last nine months. CER has seen a marked upswing in its activity over this time from its traditional clients and new market entrants.
“Continental Europe is also now waking up to the need to shake out balance sheets of unwanted, poor performing or simply unfunded mortgage and financial assets.
“Bolton with his market knowledge, contacts and creativity will continue to drive the business on into new markets with new clients.”
CER is based in Bristol, but Bolton will be based in London.
CER has been established for over twelve years in the UK and is owned by the US firm Clayton, based in Connecticut.
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Readers' comments (6)
Frank Jurga | 27 Jan 2010 10:20 pm
Phew, that was close! For a minute I thought he was joining Chris May's outfit - or should that be called notfit. Best wishes to Michael and I hope you can get us the specialist mortgage deals that this country is going to need to see it move forward. Guess how many btl mortgages I have set up on 1 to 2 year terms with a stupid 3.5% fee - that's right - not one.
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Anonymous | 28 Jan 2010 8:35 am
oh dear!
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Anonymous | 28 Jan 2010 11:45 am
It was the specialist deals that caused so many problems for the lenders. There is a need for sustainable products, not the unprofitable self cert and BTL products - and the underwriting that went them - of the last few years.
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Anonymous | 28 Jan 2010 1:56 pm
is this wise????
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Anonymous | 28 Jan 2010 5:51 pm
Wise? More like gamekeeper turned poacher. The best mortgage originator turns into the best mortgage checker
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Anonymous | 28 Jan 2010 11:02 pm
Good to have you back earning the reddies Michael.....!!! We are relying on you spending us out of this recession..!!
All the best to you.
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