View more on these topics

Kevin Ronaldson appointed deputy chairman of Intrinsic

Kevin Ronaldson, chief executive of Intrinsic Financial Services, has taken on the role of deputy chairman of the IFA network, with chairman Sandy Leitch promoted to the position of executive chairman.

The restructure will mean that all four executive directors – the financial director, corporate director, commercial director and sales director – will all now report to Leitch rather than Ronaldson and the role of chief executive will become obsolete.

In his new role Ronaldson will be responsible for maintaining relationships with distributors and securing corporate development.

Wallace Dobbin, corporate director of Intrinsic Financial Services says the rejig reflects its changing business model.

He says: “The change of structure helps us to better focus on the opportunities ahead. We started of as a mulit-tie business and now we have a broader financial offering.”


Boom Time

Mole was left ducking for cover last week after lunching with Paradigm Mortgage Service boss Bob Hunt after the mortgage club guru revealed that his granddad was in the famous Dambusters squadron. Not only is Paradigm flying high but it seems the military is in Hunt’s blood.

FSA exposes bogus calls from broker

The Financial Services Authority has stopped an insurance and mortgage broker advising on regulated products after the firm posed as HBOS to convince customers to take out new policies.

Marketwatch 02/02/09

Swaps rose for the first week in months and last Wednesday three-month LIBOR edged up from 2.16% to 2.17%. This is the first increase in LIBOR for a long time. Whether these are signs that fixed rates are about to increase or not I don’t know, but I think there’s still potential for fixed deals to be reduced.


News and expert analysis straight to your inbox

Sign up