Street will have direct responsibility for sales, marketing, new business operations, underwriting, customer management and IT at Kensington.
Other elements of the business, such as treasury, legal and compliance, HR and finance, are being integrated within the lender’s parent group, the South African-cased investment firm Investec.
When Hutchinson left Kensington on February 1 the firm said at the time that it would look to replace her with an internal candidate as Kensington was further integrated into Investec.
Street has worked for Kensington as director of sales for six years and, with nearly 20 years in the mortgage industry, has all the experience and expertise necessary to lead the lender through the current trading environment and take advantage of market recovery.
Charles Morley will continue as head of aales at Kensington, taking on primary responsibility for key account and other broker relationships.
Street says “The market is going through some tough times at the moment, but we are lucky enough to have a great team of people and the full support of Investec.
“We have also taken steps to develop products, introduce a case booking system and launch a distribution panel to adapt to the current environment.
“So you can be sure that when conditions do improve, Kensington will be right there at the forefront of the specialist mortgage market.”