Mortgages PLC appoints head of compliance

Mortgages PLC has appointed Phil Tinsley as head of compliance in a drive to ensure its systems and staff are fully prepared prior to the introduction of regulation in 2004.

Tinsley previously worked as a manager in the Financial Services and Regulatory Consulting Group of PricewaterhouseCoopers, where he dealt with the FSA and other bodies including the MCCB, BCSB and GISC. Prior to that he worked in a number of mortgage related positions within Commercial Union and Nationwide and has more than 24 years experience in the finance industry.

Tinsley will ensure that Mortgages PLC is fully prepared well ahead of the 2004 deadline. He says: “I am pleased to be joining the company at a time when its plans for regulation are already well underway. The company has been treating compliance developments in the mortgage market seriously and I look forward to driving the process forward to ensure that compliance remains a positive part of our business rather than becoming an additional complication.”

Paul Thomas, chief operating officer of MPLC, says: “The creation of this position shows how much importance Mortgages PLC assigns to compliance. Phil brings with him a wealth of experience and contacts that will prove invaluable to us as we move towards 2004.”