The move follows the resignation of Jason Robinson who had been head of savings at BM.
Savings and investments are a major focus for HBOS at the moment and industry sources say it was vital the UK giant had a safe pair of hands on board so Hague was drafted in as director of savings and investments.
One source says: “BM is blitzing the best buy tables for savings at the moment and with Robinson’s departure it was vital they had the right Captain to steer the ship.”
Hague will start his role at the beginning of next week, although he will continue to report to Nigel Stockton, managing director of both BM and HBOS Intermediary Mortgages.
HBOS is now on the hunt for a suitable candidate to replace Hague. Stockton will take control of BM Solutions in the interim period.
He says: “I am delighted that Hague has accepted the savings and investments role. With the changing priorities facing the mortgage industry I believe he is ideally placed to ensure we continue to grow our savings business at BM.”