Reporting to Colin Shave, chief executive officer of GEMHL, Ferguson joined the firm from Kensington where he held the position of chief operating officer.
Prior to Kensington Ferguson was director for corporate planning and delivery at Zurich Financial Services and director of mortgage operations at Bradford and Bingley.
In his new role he will be responsible for all GEMHL mortgage operations, including originations, customer relations, collections and litigation.
He will also be responsible for deploying GEMHL’s technology investment and development over the coming years.
Shave says:“With such challenging conditions in the market, this is a key role and an important appointment for GEMHL.
“With his significant experience and knowledge of the UK mortgage market, Ferguson will be a valuable asset to GEMHL’s senior management team.
“I look forward to working closely with him in the future.”
Ferguson adds: “I am delighted to be appointed to the role of COO at GEMHL.
“I look forward to working with GE Money’s experienced management team to ensure we continue to serve the specialist mortgage market throughout these difficult times and beyond.”