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.