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Kent Reliance names new chairman

Malcolm McCaig has been appointed chairman of Kent Reliance Building Society.

McCaig joined the board of the mutual last March. In addition to Kent Reliance he holds a portfolio of non-executive directorships including Unum, Crest Nicholson, Caley, Renaissance Capital and Barbon Insurance Group.

McCaig is also an external member of the Audit Committee at the House of Lords.

McCaig says: “We recognise that the trading environment and market conditions are difficult but this society has the courage to be innovative. We are prepared to take the necessary steps to build a secure future.”

He replaces Malcolm Mackenzie who stepped down at Kent Reliance’s annual general meeting in Rochester last week to take on the role of senior independent director at the mutual.



MPLC may get back into lending

Former specialist lender Mortgages PLC is believed to have outsourced more than £3bn of its mortgage book to HML, prompting rumours it could return to the lending market. As part of the deal, Mortgage Strategy understands that MPLC has transferred up to 25 staff to HML. Merrill Lynch took over MPLC in 2004, but was […]


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