John Malone to stay at PMS

John Malone, managing director at Premier Mortgage Service has committed to staying with the firm for at least another 18 months.

Malone was expected to become chairman of PMS and a search has been underway for his successor.

But Bankhall says that it will not be looking for a replacement anytime soon.

Rumours had been circulating the industry as to who would replace Malone, with Linda Will, former-managing director at Accord Mortgages, being hotly tipped to be a favourite for the role.

Steve Atkins had been in line to succeed PMS until he unexpectedly resigned as head of Premier Mortgage Services in September 2007.