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Kaszczak is latest high profile face to join Lehmans

Lehman Brothers Mortgage Capital gained another high profile recruit last week with the appointment of Louis Kaszczak to the firm’s mortgage division.

The former head of corporate distribution at Royal Bank of Scotland Intermediary Partners has been linked to several lenders since he left last October. But he has now confirmed that he will be taking up the position of business development executive in the direct-to-broker distribution channel of LBMC.

LBMC says his new role will deepen relationships between its three mortgage brands, South Pacific Mortgage Limited, Preferred and London Mortgage Company, and brokers who prefer to deal directly with it.

In its first interview with the industry press about its mortgage businesses in November 2006, LBMC told Mortgage Strategy that it was keen to further develop its directto-broker distribution in 2007.

Industry sources say Kaszczak’s experience of multi-brand lenders and intermediary distribution means he is well placed to help LBMC realise these plans.

Later this week former Platform sales and marketing director Guy Batchelor will officially join LBMC as executive director, responsible for franchise development in LBMC, Europe.

He has been on gardening leave since July and takes up his role at LBMC, Europe on January 26.

It is not yet clear what his remit will be, although it has been suggested that he will be looking at possible acquisitions.

The investment bank last week also promoted Simon Hinshelwood to the role of chief executive officer of LBMC, UK and Ireland. This will see him take responsibility for the three LBMC brands while Bill Bilsborough, managing director and chief executive officer of LBMC, Europe, will focus on further expansion.

Hinshelwood says: “We recognise there is a significant section of the broker community which prefers to deal directly with lenders for some or all of their business.

“We want to develop an approach that gives them a choice in how to work with our brands but in a way which continues to demonstrate our commitment to packagers.”

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