Secure loan master broker Loans Warehouse has appointed former Council of Mortgage Lenders director general Michael Coogan as a strategic adviser to the firm.
Coogan had most recently been an adviser to Deloitte, but he left the role last month.
Prior to this he spent 16 years as the CML’s director general, between December 1996 and August 2011.
Before this he was head of the legal and policy department of the combined Building Societies Association and CML, having originally joined as a lawyer within the policy team in 1987, after previous roles with the Greater London Council, the Consumers Association and as a barrister.
Coogan is also currently chairman of Shaping Tomorrow, a strategic planning and business intelligence consultancy.
Loans Warehouse co-founder and director Matt Tristram says: “Michael is not only extremely well known but he is also passionate about the industry and recognises the importance of the secured markets working together. For a long time, secured loans were viewed in a lesser light than mortgages, but in today’s market this simply isn’t the case.
“Sam (Loans Warehouse co-founder Sam Busfield) and I have spent a long time banging the drum for secured loans, telling as many people as possible about the benefits of them. With Michael on board, the aim is to bring the product to the masses through added awareness and partnerships with the mainstream organisations.”
Coogan says: “Brokers are the life blood of the lending industry. The Funding for Lending Scheme has re-opened the credit markets in the UK, and the benefits will flow through into a fast growing secured lending sector.
“I look forward to helping Loans Warehouse to take advantage of the commercial opportunities as the economy improves and to help them build on their strong market position.”