Lehmans appoint head of product development

Lehman Brothers’ Mortgage Capital has appointed Mike Cook as head of product development.

His role is across the brands London Mortgage Company, Preferred, South Pacific Mortgage Limited and South Pacific Personal Loans.

Cook joins from Kensington Mortgages where he held the position of head of product management and development for almost four years.

Before Kensington he spent time at Arthur Andersen and Morley Fund Management.

In his new capacity Cook will have responsibility for overseeing all aspects of product development, including design and strategy, for all four Lehman Brothers Mortgage Capital businesses, LMC, Preferred, SPML and SPPL.

Simon Hinshelwood, chief executive officer of Lehman Brothers Mortgage Capital for UK and Ireland, says: “I am thrilled to welcome Mike and am confident he will prove to be an invaluable addition to the team.

“I look forward to his assistance in meeting the challenges of the future. His expertise in the mortgage world will support our efforts to explore new product opportunities while enhancing our existing brand propositions.”