Lloyds’ Stockton to join bosses at Countrywide

Nigel Stockton is leaving his position at Lloyds Banking Group to become financial services development director at Countrywide.

Stockton is currently sales director of mortgages at Lloyds but will join Countrywide on October 1.

Lloyds is believed to have no replacement lined up as yet.

Stockton says: “It’s always difficult to take the decision to leave. I’ve had a fabulous time working for Lloyds Banking Group, but I really feel that this is the right time to take on new challenges.

“I’m thrilled to be working with Grenville Turner again. I really wish Colin Walsh, Peter Curran and all of my former team all the very best.”

He adds: “During my time in the industry I have always respected Countrywide for being dynamic, professional and forward-thinking, and I look forward to be joining the UK’s largest property services Group.”

Grenville Turner, group chief executive of Countrywide, says:”Nigel brings a wealth of experience to this new role after nearly 20 years in the lending industry and will be using his expertise to help build on our position as the UK’s largest mortgage broker.

“I’m keen to ensure that we continue to build on the fantastic progress we’ve made in recent years to explore new ventures and opportunities, and Nigel will play an important role as part of our senior management team to drive the company’sfuture direction.”

Stockton was previously managing director of HBOS Intermediaries until he took control of all Lloyds’ intermediary mortgage brands.

He joined HBOS’ corporate partnerships division in 2003 and moved to Halifax Intermediaries a year later. He then became managing director of Birmingham Midshires where his role was expanded to include brands such as Halifax, Bank of Scotland and Intelligent Finance.Prior to working at HBOS Stockton was business development director at financial website TheStreet.co.uk and commercial director of ft.com