View more on these topics

Misys chairman steps down from role

The chairman of software firm Misys has stepped down from his position to become chief executive, bowing to the pressure of investors.

Kevin Lomax, who founded the company, also agreed to consider selling non-core parts of the business.

Financial services firm Sesame, which is owned by the firm, is already being billed as one of the first parts of the business to be sold.

Sir Dominic Cadbury, a senior independent director, will take on the position as a non-executive chairman until a replacement for Lomax can be found.

Josh Rosenstock, corporate communications manager at Misys, says: This is a positive step for the company. There was some distraction over the governance but now that has been dropped and all looks positive.

“Lomax knows the company well and is well respected. We can now have 100% focus on developing the company and creating value for our shareholders.


Origen mortgage team signs up for CeMAP qualification

Advice and distribution firm Origen has become the first company to sign up its entire mortgage team for the Institute of Financial Services advanced mortgage advice qualification Advanced CeMAP.The seven-strong Origen mortgage team, headed by Wayne Gibbs, was formed in February 2005. Its team of mortgage brokers are spread across Origen’s branches in London and […]

City analysts not convinced of Bank base rate change

Gary Hockey-Morley, director of mortgages at Abbey, says that city analysts are now less convinced about a change in the Bank base rate before Christmas and that this is good news for savers, but not so good for borrowers who might be opting for a cut.Hockey-Morley says: Next week the Monetary Policy Committee will meet […]

Friend joins Money Partners as head of strategic partnerships

Specialist lender Money Partners has announced the appointment of Kevin Friend as head of strategic partnerships.In this newly created position, Friend reports directly to Adam Henry, sales and marketing director, and is tasked with identifying, developing and growing untapped intermediary channels that complement Money Partners existing core broker relationships.Friend takes up his new position with […]

Morgan Stanley rumoured to be looking to buy Advantage

US giant Morgan Stanley is rumoured to be looking to buy Advantage Home Loans in a deal to be announced this December.One source tells Mortgage Strategy that Advantage is looking to be bought by Morgan Stanley, or possibly another lender.Keith Dearling, founding partner at Advantage, will not comment on the Morgan Stanley rumour but says […]


News and expert analysis straight to your inbox

Sign up