Beacon to light RAMP&#39s fire

Former Future Mortgages boss Mark Abbot and former sales and marketing director Brian Pitt have thrown their weight behind the Regulatory Alliance of Mortgage Packagers.

Abbot and Pitt, who took a near 50% stake in The Beacon Group last year, are launching packager Beacon Mortgages which is to join RAMP as its 10th board member.

Although Beacon Mortgages will have no real record in terms of the volume it can produce, Abbot and Pitt are likely be a formidable force on the RAMP board.

Abbot has extensive knowledge of the capital markets – something that will be important for RAMP should it decide to launch as a lender in its own right.

Pitt&#39s expertise lies in the day-today working of lending organisations – especially those that operate in the sub-prime sector.

John Rice, managing director of RAMP, says: “We are delighted to welcome Beacon Mortgages to the board of RAMP and both myself and the rest of the members look forward to working with Mark and Brian.”

Pitt, director at Beacon Mortgages, adds: “Beacon is pleased to be joining RAMP as its 10th board member and we look forward to a prosperous future working with our fellow members.”

The Beacon Group, which also includes IFA Beacon Asset Management, part of Beacon Capital Holdings, last week announced ambitious expansion plans. Revised branding is also being unveiled to support a move to new premises in Buckinghamshire.

Beacon recently poached Parveen Arora as an account manager to support broker sales in the South and Ian McKenary to manage its direct to consumer proposition.

It is recruiting staff on both the sales and the processing sides of the business.