View more on these topics

Intelligent Finance joins sales and marketing forces

Intelligent Finance is integrating its sales and marketing teams. Ian Jeffery, currently sales director, will head up the new team as sales and marketing director from the end of August.

Angela McIntosh, marketing director at Intelligent Finance, will be retiring at the end of August but has agreed to remain with the bank in a consultancy role on its flagship sponsorship programme until the end of the year. Intelligent Finance accredits McIntosh with a “massive contribution” to building the brand, achieving critical business growth and creating a dynamic marketing team.

McIntosh says: “It will be a real wrench for me to retire having been in at the birth of this exciting business which is now the number one UK direct bank in volume terms. I know, however, that I am handing the baton to safe hands in Ian, having worked with him at Intelligent Finance since the beginning and also worked with him in a similar role at Standard Life Bank. I am sure that Intelligent Finance will continue breaking records.”

Jeffery brings a track record of innovation and 25 years experience in sales and marketing in the financial services industry to his enlarged role. He has been an integral part of Intelligent Finance&#39s management team since its inception and will lead a 60-strong team of sales and marketing specialists.

Since the 18 months since its full launch, Intelligent Finance has experienced outstanding growth with a 10.4% share of the UK net mortgage lending, half a million accounts opened across the range and balances in excess of £12 billion with a further £1.1 billion in the pipeline.

Jim Spowart, chief executive of Intelligent Financa, says: “Angela and her team have done a terrific job and I will be very sorry to see her go, particularly as I have had the pleasure of working side by side with her for many, many years. During Ian&#39s time with us, he has proved that he has the vision to build on our success and maintain Intelligent Finance&#39s astonishing momentum.”

Ian Jeffery says: “Intelligent Finance has carved out a position as one of the most innovative banks in Britain today. We give consumers simple, clear, competitive products and, in offset banking, we have pioneered a much fairer way of banking. I have a very hard act to follow but I am looking forward to building on these achievements.”


Royal Bank of Scotland profits up 15%

The Royal Bank of Scotland Group has reported a 15% increase in profit in its half-year results, although bad debt provisions soared 77% compared to the first six months of 2001. Nonetheless, the group&#39s results are solid overall and went some way to ease fears about bad debts in the UK banking sector. RBoS profits […]

Genesis Home Loans updates Freedom adverse

Genesis Home Loans has updated its Freedom adverse credit range, along with its Pathfinder, Prospector and Challenger products. Interest rate amendments on the products have been made and new end dates have been given. The Freedom range is a comprehensive &#39menu&#39 style sub-prime range that allows for CCJs, defaults, arrears, IVAs, bankruptcy and past repossessions. […]

Preferred expands for record-breaking year

Preferred Mortgages has made four new appointments to support its growth strategy after a record-breaking year to date. Peter Else joins Preferred in the position of servicing manager with responsibility for the collection and customer services divisions. Else joins the company after 22 years at Bank of Ireland Mortgages, where he was head of mortgage […]

Securitisation vehicles escape regulation

The Treasury has agreed to make certain technical amendment to regulated activities so that special purpose vehicles &#45 used for securitisation purposes &#45 will be excluded from regulation. The Treasury&#39s policy had been to ensure that where regulated mortgage contracts have been securitised and are being administered by an authorised person they were not being […]


News and expert analysis straight to your inbox

Sign up