View more on these topics

Colin Walsh resigns from Lloyds as top management is reshuffled

Colin Walsh, managing director of mortgages at Lloyds Banking Group and chairman of the Council of Mortgage Lenders, has quit both positions.

The move follows a recent reshuffle of the management structure at Lloyds group.

On June 1, Antonio Lorenzo, chief executive of Lloyds group, announced new leadership teams for the retail and wealth divisions.

Instead of having a separate head for individual sectors such as mortgages and investments he has made Vim Maru managing director of products. The position oversees all products including mortgages.

Lloyds is also looking to recruit a director of intermediaries who will oversee all broker business, not just mortgages.

The lender says it is too early to say whether it will employ further heads of individual channels.

The changes are part of a strategic review at the lender, the outcome of which is expected to be published this week.

A spokeswoman for Lloyds group says: “Intermediary sales are a key distribution channel for the group so we need greater focus on this area.”

Walsh will stay on at the lender for the next few months and oversee the transfer of his responsibilities, including his role as CML chairman.

Recommended

2

Kier Homes gives FTBs 95% LTV deal

Kier Homes is offering first-time buyers a 95% LTV mortgage. The house builder has teamed up with specialist lender Step One Finance a private limited company to offer the deal. The scheme offers potential buyers a secured loan combined with a traditional first mortgage. Step One Finance offers up to 15% of the purchase price […]

Business development appointment at Brightstar

Brightstar Financial has appointed Terry Young as business development executive. Young joins from Compliance Checking where he was business development director.

Guide cover

Guide: Johnson Fleming produces auto-enrolment checklist

For a job as big as managing the auto-enrolment changes, it’s important to know what has been completed and what still lies in front of you to give you the reassurance that everything is in hand. Getting the planning and project management right at the outset can help you see the path ahead and ensure everyone knows their roles and responsibilities. To help with this, Johnson Fleming has produced a checklist outlining every step that needs to be taken when preparing for auto-enrolment.

Newsletter

News and expert analysis straight to your inbox

Sign up