View more on these topics

Industry offers messages of support to Stephen Knight

The mortgage industry has rallied in support of Stephen Knight, chief executive officer of Portillion, after he left his role due to a brain tumour.

David Hill, Portillion’s former chief financial officer, has been appointed CEO and Barry Searle will remain as chief operating officer.

Nigel Stockton, financial services director at Countrywide, says Knight is a friend and mentor and wishes him luck.

Michael Clapper, founder of the Enterprise Group, says: “I am sorry to hear Stephen is unwell. He has been an inspiration to me and many others. I wish him well.”

And Gerald Gregory, chairman of Portillion, says: “We wish Stephen the best and would like to note his enormous contribution over the years and thank him for all his inspiration and hard work.

“Hill has accepted the role of CEO and will be leading the management team into the next stage of our development.”

Knight revealed in January that Q1 2011 would be a make or break time for the would-be lender as it looked to secure £110m of funding.



Squeeze on funds here to stay

Mortgage lending is set to remain depressed this year as house prices tread water and banks struggle to repay their loans. Meanwhile, a rate rise would do more harm than good

Paul Muolo

Killing Fannie and Freddie will be hard

Let’s not mince words. On February 11 the White House released its long-awaited plan to revamp US mortgage giants Fannie Mae and Freddie Mac and the verdict was clear – don’t restructure these $5trillion behemoths, just pull the plug. And so it has come to pass. President Barack Obama, a Democrat – traditionally Democrats love […]


News and expert analysis straight to your inbox

Sign up