Crown Mortgage Management names Steve Haggerty’s replacement
Crown Mortgage Management has appointed Eric Stoclet chief executive ahead of the present occupant of the post Steve Haggerty (pictured) leaving to take up a senior role at another organisation.
Stoclet will take over from Haggerty on February 1 subject to approval from the Financial Services Authority. He is currently advising the Crown group and Forum Partners, a property investment firm and substantial Crown investor, on the sale of Crown Westfalen Bank in Germany and the restructuring of some of the group’s businesses across Europe.
Stoclet was previously group executive director at Noor Investment Group in Dubai and spent 25 years working with Citigroup across its global operations. He also spent two years launching an Islamic bank connected with the ruler of Dubai.
During his career Stoclet has been involved in commercial and residential financing, loan portfolio purchases and sales, and the management of non-performing loans.
Julien Holmes will continue in his role as chief operations officer at the firm and Peter Walker will remain as a director. Joining the board will be Russell Platt, chief executive of Forum, and Richard Cotton, also at Forum and a former managing director of J P Morgan/Cazenove.
Ronald Roark, who founded the company, is relocating to the US to focus on his business interests there and plans to retire from Crown Mortgage Management’s board.
Meanwhile, Haggerty is to take up a senior role at another organisation soon although details of the move were subject to confidentiality constraints as Lending Strategy went to press.
Platt says: “While I am sorry to see Haggerty leave the scope of the job he will be taking on is a tribute to his leadership qualities and I wish him all the best. I am pleased we’ve been able to assemble a talented leadership team to take the company forward.”
Kornitzer takes an upmarket role at Abbey for Intermediaries
Clive Kornitzer (pictured,) has left his position of chief operating officer at Abbey for Intermediaries to take up a new role in the business developing a proposition for affluent consumers.
Kornitzer has been COO at AfI since joining the company from John Charcol in 2006.
His job as COO has involved overseeing the development of the firm as well as leading strategic projects. In his new position his responsibilities will come under the remit of Norman Wren, director of services at the firm.
This move comes as parent group Santander is in the process of rolling out a rebrand of its Abbey branches as well as the branches of another UK subsidiary Bradford & Bingley. Alliance & Leicester, also owned by the Spanish banking group, will be rebranded later this year.
Kornitzer’s move also follows a reshuffle at the Santander UK mortgage division which saw director of mortgages at Abbey and A&L Nici Audhlam-Gardiner (pictured) appointed as director of banking.
Phil Cliff, formerly the lender’s director of commercial product management, has taken on the role of director of mortgages.
Regulator appoints Julian Edwards to senior consumer role
The Financial Services Authority has appointed Julian Edwards to the role of consumer senior advisor.
Edwards has spent more than 30 years working in a variety of roles championing consumer rights for organisations such as Which? and Consumer International, the global federation of consumer organisations of which he was director-general between 1996 and 2005.
The regulator has created the role of consumer senior advisor as it pushes the idea of consumer protection through intensive supervision and risk assessment. It has also pledged to strengthen its understanding of consumer issues.
Hector Sants, chief executive of the FSA, says: “I am delighted to announce Edwards’ appointment to this new role.”
All change as Optima Legal shapes up to meet increased demand
Optima Legal has made a range of appointments as the firm says it is seeing increased demand from its national lender client base.
The legal specialist has appointed new partners and heads of department to serve a client base which includes Barclays, the Royal Bank of Scotland, Bradford & Bingley, Bank of America, GE Money Home Lending, Santander, Morgan Stanley, National Australia Bank and Lloyds Banking Group
Rachel Hutton (pictured) moves from leading the professional negligence team to become head of dispute resolution. Previously a litigation lawyer with DLA Piper’s banking and finance litigation team Hutton has also worked with Hammonds’ insolvency team as well as inhouse at Skipton Building Society.
Emma Dimbylow becomes partner and head of compliance across the firm. A dispute resolution specialist, Dimbylow previously worked with HLW and Ford & Warren.
Chris Taylor becomes head of repossession services at the company. Formerly a commercial litigation solicitor with Addleshaw Goddard and Eversheds Taylor is also an experienced legal trainer and a consultant with the College of Law, the Practical Law Company and CPD Training (UK).
Meanwhile, David Duckworth (pictured) has been appointed head of residential conveyancing and Home Information Packs. A former senior partner with Walker Morris, chairman of the Direct Conveyancing Association and a member of the Land Registry’s Business User Group Duckworth is a longstanding non-executive member of Optima Legal’s board.
Kate Wright becomes client services partner with responsibility for client relations and business development. Formerly a partner within the firm’s dispute resolution team and a banking and financial litigation specialist Wright previously worked at Hammonds and DLA Piper.
Philip Robinson, lead litigation partner at Optima Legal, says: “I am delighted to announce these appointments. We have seen a marked expansion in our business despite difficult market conditions, and are confident that this restructuring programme involving some of our senior personnel will further strengthen our offering to lender clients. It will ensure that we align our business as closely as possible with their requirements.”