Coreco Group, the new venture launched by Andrew Montlake and a crack team from recently defunct London-brokerage Cobalt Capital, will be an appointed representative of the Mortgage Advice Bureau.
The ex-Cobalt staffers on board include Montlake, Matthew Lowndes, Francois Taljaard, Rob Henderson, Roy Hardy and Rob Gill.
In addition to the core mortgage proposition, the wider Coreco Group will also diversify into a number of other areas, including wealth management led by Gill and commercial property under the stewardship of Xavier Bouhayed and Henderson.
Although Lowndes will function as acting managing director at the new firm, Montlake, communications director at Coreco Group, says the new firm will function as an equal partnership.
He says: “We are very fortunate to have been joined by some of the cream of Cobalt Capital’s consultants who together made up the core of Cobalt.”
Peter Brodnicki, chief executive of MAB, says: “The experience, vision and passion of the management team will ensure that the Coreco Group will quickly become a major player.”