View more on these topics

Kensington to hold commemoration for Paul Thomas

Kensington is to hold a commemoration service for its chief risk officer Paul Thomas after he suffered an aneurysm and passed away last month.

The commemoration service will celebrate his life and be held at the RAC Club on Tuesday 11 May.

Anyone wishing to attend should contact

Thomas was born in 1955 in Worcester. After studying economics, he began his career in banking with Lloyds Bank, following his time with Lloyds he spent a number of years with the Anglia Building Society, Lloyds Bowmaker and RBS before joining Kensington Mortgages in 1995 at its launch.

In 1997, he left to become chief operating officer for another start-up venture and was instrumental in the successes at Mortgages plc, before moving to GE Money Home Lending in 2004. 

He joined Investec Bank in August 2007 as head of mortgage relationships before accepting a senior role and therefore returning to Kensington as chief risk officer following the company’s acquisition by Investec.

He was a member of the Institute of Directors, The International Association of Business Leaders, and the Chamber of Commerce, as well as playing an active role in the Council of Mortgage Lenders.

He was a classical music enthusiast, especially Mozart, Beethoven and Dvorak, and his pursuits included hill walking, photography, golf, and collecting historical sailing ship models. He was also partial to real ale and malt whisky from time to time. 

Keith Street, head of Kensington, says: “In whatever capacity we came to know Paul, he always came across as a ‘true gentleman’ and was immensely supportive in the pursuit of all his objectives either personal or as part of a bigger team.

“Over the past decades he was an ever present figure in the Mortgage world and will be sadly missed as a colleague and true friend.”

“The commemoration is intended to be a celebration of Paul’s life and achievements and if you would like to attend you will be most welcome.”



Beginning to gain a cycological edge

It’s now less than a month before we set off on our cycle ride to Spain and at last the weather has picked up. Since we started training last autumn it feels like the windiest, wettest and coldest days have saved themselves up for the Sundays when we’ve done our longest rides so it’s been […]


High LTV deal is commendable but I am still miffed

In response to Abbey’s new 90% LTV product, without getting carried away I think it’s a push in the right direction. Realistically if it’s a success for Santander other lenders will look to get involved in the higher LTV market. But on a personal note I am reluctant to give the lender any support due […]

HML shake-up leads to site closure and 164 jobs at risk

HML is closing its Prospect House site in Scarborough as part of a re-structure putting 164 jobs at risk. The third party servicing firm announced in March that it was to review its organisational structure, putting jobs on the line. As a result some 164 out of 2,000 roles are at risk of redundancy. This […]

Healthcare regulation amalgamation predicted for Gulf states

While Dubai is leading the way in terms of legislating for expat healthcare in the Gulf, Qatar, Abu Dhabi and others are watching and learning – that’s according to Jelf International’s director of international services, Doug Rice. He believes the pace of change in the Gulf states will continue and that some level of unified healthcare system will be introduced across the region.


News and expert analysis straight to your inbox

Sign up
  • Post a comment
  • John Schuster 30th April 2010 at 9:58 am

    I have just read of the passing of Paul Thomas and wanted to express my sincere condolences to all his work colleagues and family. The news was a great shock.

    I first worked with Paul when we along with the then directors of TMO first set up Mortgages Plc way back in 1997.It was with his dedication and the collective long hours we worked that enabled us to take MPLc from concept to launch in just 6 months.
    Many years later our paths crossed again at GE Money and more recently when Paul helped me set up a lender liaison programme for the Royal Courts of Justice Advice Bureau where I work as a Pro bono consultant.
    He was a great guy and one of the industries leading ambassadors.

  • Lorraine Hare 28th April 2010 at 8:14 pm

    Words cannot begin to express the sadness that I felt at learning of Pauls passing. Like many others, I too had the pleasure of working for him during his time at MPLC. Over the years he was not only my Manager but became a very special friend. I will always treasure my memories of him. He was such a character, but truly a very genuine and caring person. Having seen Paul recently and during his fight with Cancer, I cannot believe life can be so cruel to deliver this second blow. Jacqui has been just amazing and his rock throughout!.My heart and thoughts go out to her. I wish Paul a new found peace. We miss you x

  • Donna-Marie Savage 28th April 2010 at 10:11 am

    I worked for a short period with Paul at Investec and it took only this short time for me to see how much he truely valued his staff. Even though we were going through a horrendous time in the industry, Paul’s sense of humour always shone through. He had that human touch and warmth that is sadly lacking these days. Paul often talked so fondly of his family, and I enjoyed conversations he told about music, breaks away. He was indeed highly respected and one of a kind. He will be sadly missed and always remembered. My thoughts are with his family at this time. God bless you Paul.

  • Karen Guler 27th April 2010 at 10:14 pm

    I had the pleasure of working for Paul at Investec and words could not express how shocked and sad I was to hear of his passing. He really was such a knowledgeable, focussed and hard working person but as everyone has said, such a true gentleman who realy cared about his staff.I have worked in the industry for some 30 years and never have I seen such a well grounded decent person holding such a high position. He spoke fondly of Jacqui and his family and my thoughts and prayers are with them. May he rest in peace.

  • Kenny Irvine 27th April 2010 at 2:17 pm

    Sad news, also worked with Paul for a short time and he was as many others have said a true gent. Always had a great rapport with everyone he worked with.

  • PAUL ROBINSON 27th April 2010 at 1:14 pm

    It is with great sadness i found out today of paul’s passing we crossed sords many times when he was at MPLC he always gave a fare decision and new his trade best wishes go to his family at this sad time.

  • Alex Steele 27th April 2010 at 6:24 am

    Very sad news indeed.I worked with Paul on both sides of the desk as it were and he was always open, straightforward, professional and thorough in everything he did. A pleasure to deal with and a true gentleman. He will be missed and my thoughts are with his family

  • Judith White GE Capital Australia 26th April 2010 at 11:30 pm

    I was shocked to hear the news of Paul sadly passing away, particularly as some of you will know I too suffered an aneurysm 3 yrs ago. Paul was a real gentlemen as many have commented on and whilst working with him at Igroup (GE Home Lending) he treated everyone around him with genuine kindness and courtesy. He will be missed and my thoughts are with his family at this very difficult time.

  • Andrew Burford 26th April 2010 at 5:33 pm

    I worked with Paul at both MPLC and (briefly) Unity Homeloans. Great shock at hearing this news – he was definately ‘one of the good guys’.

    What impreseed me most about Paul was that, unlike others in his position, he took a genuine interest in all of his staff. It was rare then, rarer now.

    My condolencies to Jacqui and his family at what must be a difficult time.

  • James Conroy 26th April 2010 at 3:17 pm

    As with other comments, it was with great sadness I learned of Pauls passing. Paul took me to Mplc at the very beginning, and I had the pleasure of working with him there for several years. To talk of Pauls knowledge is accurate, and his contribution, and passion, in the early years of Mplc cannot be underestimated. However I will remember his as, simply, one of the good guys – sadly missed and much respected.

  • Lee Wisener 26th April 2010 at 2:30 pm

    I reported to Paul for many years whilst at Mortgages plc, He was a very instrumental in my development. A very sad loss of someone who still had a long life to live.

  • Michael White CEO Emailmortgages 26th April 2010 at 1:43 pm

    The early days of Kensington were exciting and truly great fun. Paul worked for me for the initial pioneering period at Kensington; the specialist non-conforming grew and blossomed from those early years and Paul become one of the key personalities of those progressive times.

    I am truly shocked to hear of his death; my sincere condolences go out to his family and loved ones.

  • Rob Field 26th April 2010 at 1:18 pm

    It is with huge sadness that I read the above news.
    I worked with Paul for a few months before the market crashed in 2007 and was frankly dumbstruck with his encyclopedic knowledge of the mortgage business, securitization and the capital markets.
    More importantly though, Paul was one of the genuinely nice guys in the industry and this was evidenced when our business had to close at the beginning of the crisis. Despite knowing them for only a few months, Paul dealt with all of our staff with kindness and compassion despite having to deliver the worst of news.
    I recently met up with Paul at an awards dinner and it was great to catch up with him and chew the fat.
    Although our paths crossed only briefly, Paul made a huge impression on me and my colleagues. The mortgage business as a whole is greatly poorer for his passing and I’ll miss him greatly.
    My thoughts go to Paul’s family at this difficult time.