View more on these topics

Lehman Brothers promotes Hinshelwood

Simon Hinshelwood has been promoted to the role of chief executive officer of Lehman Brothers Mortgage Capital in the UK and Ireland, effective from January 2.

He will now have responsibility for the brands London Mortgage Company, Preferred Mortgages, and Southern Pacific Mortgage Limited.

Hinshelwood will continue to report to Bill Bilsborough, managing director and chief executive officer of Lehman Brothers Mortgage Capital, Europe.

Since joining Lehman Brothers Mortgage Capital in May 2006 as a managing director and chief operating officer for the UK, Hinshelwood has helped lead the organisation through a period of substantial change within its operations and locations and helping to frame its future strategy for the UK business.

Bilsborough says: I am delighted to announce Simons promotion to CEO of the Mortgage Capital businesses in the UK and Ireland.

Simon has been doing a fantastic job and this appointment will sharpen the control and accountability of our UK business.

It will also give me more capacity to drive our expansion and develop our people through initiatives like the service academy.

I wish Simon every success in his new and expanded role.

Hinshelwood adds: My first six months at Lehman have been extremely rewarding and we have accomplished a great deal.

I am looking forward, in particular, to working more closely with John Prust and his sales teams to grow our UK businesses.

I am excited at the increased opportunities my new role presents to drive the UK Mortgage Capital businesses forward.


Base rate increase necessary, says Ernst & Young

The increase in the base rate was needed to bring inflation in line with the Bank of England’s 2% target, says Ernst & Young.The accountancy firm says the change was also necessary to temper the expansion in economy.A spokesman adds: There has been a healthy debate within the Monetary Policy Committee and elsewhere about the […]

Swift boosts lending limits

The Swift Group has increased its lending limits up to 75% LTV to 750,000. The previous limit was a value of 500,000 and Swift will continue to lend on properties valued over 750,000 at a reduced 70% LTV.Also, Swift has raised the LTV limit on drive-by valuations to 70% from 65%. These changes apply to […]

Lenders must outsource to compete

Business process outsourcing is one way lenders will be looking to stay ahead of the game in 2007, with the focus on processing, administration and technology, says Frank Eve

Relax Finance chooses xit2

Relax Finance has chosen xit2s valuation exchange to provide the online system for its panel manger Gateway Surveyors.The valuation exchange developed by xit2 streamlines the valuation instruction process.Adrian Shinn, packaging director at Relax Finance, says: We work with some of the biggest names in the market and so it is essential that our systems are […]


News and expert analysis straight to your inbox

Sign up