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FSA appoint director of business review and audit revision

Rosemary Hilary has been appointed director of the business review and audit division at the Financial Services Authority, and will take up her appointment on September 4.

Hilary, who is currently head of the FSAs risk review department, will report to John Tiner, FSA chief executive, with a further reporting line to the chair of the Audit Committee of the FSA board.

John Tiner, FSA chief executive, says: “Internal audit is a vital function in an organisation of our size and complexity, and particularly so given the FSA’s remit of supervising risk across the financial services industry. I am delighted to be able to appoint such a well-qualified candidate as Rosemary. It is also a testament to the talent within the FSA that we have the internal people available to fill such an important role.

“Rosemary has considerable experience of regulation at the FSA and previously at the Bank of England, having worked in several areas of our operations. She brings substantial understanding of the risks run by firms, a strong sense of independence on the execution of the role and an appreciation of where internal audit can add value across the FSA.

“As director of BRAD, Rosemary Hilary will be responsible for providing objective assurance to the FSA Board and senior management that a sound risk management framework and a system of internal controls are in place and operating effectively at the FSA. This will involve undertaking independent reviews and working with Ernst & Young, who provide specialist internal audit resource to the FSA.”


TMO appoints account manager

The Mortgage Operation has appointed Darren Mitchell as key account manager for London and the South-East. Mitchell brings with him over 10 years’ experience in the mortgage industry. He started as a mortgage adviser then became a BDM with GMAC-RFC and most recently worked at Platform.

Northern Rock launches new range

Northern Rock has reduced the rates on its together range by which combines a secured home loan with an unsecured personal loan, by 0.20%.It has also had a rate reduction of 0.30% in the buy-to-let two-year flexible fixed rate mortgage with a 1.5% product fee. This is now available at 4.99%. While the buy-to-let three-year […]

Pitt and Aitken join Kensington Group

Brian Pitt and Stuart Aitken have joined Kensington Group to investigate key strategic opportunities presented by the specialist lending sector.Pitt was previously director at Beacon Homeloans and Aitken was director of credit at South Pacific Mortgages Limited.John Maltby, group chief executive at Kensington, says: Kensington Mortgages pioneered the specialist lending market in 1995 and earlier […]

Kent boosts staff in India

Kent Reliance has increased it’s staff in India and will set up a second international site soon.Kent Reliance says the number of staff now based in Bangalore is almost equal to those in the UK. Easiprocess, the firm’s Indian subsidiary, employs some 40 staff in Bangalore compared with 46 in Chatham.

Finance is only one hurdle for small developers

The housebuilding market in its current form simply isn’t working. We are completely over-reliant on the biggest players in the industry – the largest nine are responsible for more than 50 per cent of the new homes built in the UK. But there is a reluctance to do more, particularly in this uncertain post-Brexit world. And with […]


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