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Title Deed – KGB

KGB was set up in 2002 when mortgage lending at Doxford Business Park in Sunderland reached an all-time high. A lot of financial firms moved there, leaving employees who didn’t want to or couldn’t relocate, high and dry in other parts of the country, says Rachel Bancroft, managing director of KGB.

“Having been a broker for the preceding few years, I wanted to do something different and KGB came about after a night in a Reading curry house,” says Bancroft. “I already knew and worked with Sanjay Gupta, and Vik Kapur was an underwriter who had not relocated north and was looking for new opportunities. The company name seemed like the only option for three people getting together to set up a business whose surnames happened to begin with ‘K’, ‘G’ and ‘B’. ‘BGK’ didn’t have the same ring to it.”

Bancroft says that in the fast moving world of intermediary mortgages, things seldom stay the same for long and the ‘K’ and ‘G’ of the original threesome have moved on to pastures new. But the name remains the same.

“I wouldn’t change it for anything,” says Bancroft. “After all, you can’t have a company called ‘B’. Brokers loved the sight of our Russian girls at the Mortgage Business Expos and everyone instantly knew they represented KGB.

“Giving up such a memorable name would be unthinkable when we have worked so hard to build the brand.”

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