View more on these topics

Former Egg.com CEO joins borro.com board

The former chief executive officer of Egg.com, Paul Gratton has been appointed to the board of borro.com, the short term asset loan provider.

Gratton joins Sportingbet founder Mark Blandford who was appointed to the board in April 2010.

Gratton says: “I’m delighted to sit on the board of such a prospering company at an extremely exciting time in the company’s development. borro.com is a growing brand and the potential is huge for bringing new audiences and markets to the sector.”
He was a founder of thinktank First Direct and chief operating officer when Egg launched in 1998 and became Egg’s CEO on IPO in 2000.

Gratton is still highly involved with the Shepherd Direct Group, which he started 20 years ago.

The Group now accounts for around 8% of the residential surveying market in the UK and has one of the UK’s largest direct mortgage broking businesses.

Paul Aitken, chief executive officer of borro.com says: “We’re delighted that Paul Gratton is joining the board, his background in the financial services sector will prove invaluable to our business.

“Paul’s experience with companies who share a similar culture to us of focusing on innovation and high levels of customer service will also complement the company’s ethos.”

Recommended

9

My thoughts on the Policy Exchange forecast of Bank Rate at 8% in 2012

No doubt the reason Andrew Lilico, chief economist of Policy Exchange, which calls itself a think tank, chose to issue his paper forecasting Bank Rate would rise to 8% in 2012 this week is that in the August silly season when real political news is thin on the ground it is much easier to grab some headlines by publishing an outrageous forecast than when senior politicians are around to rubbish such forecasts. Policy Exchange must be desperate for some publicity.

JASON WERTH, MANAGING DIRECTOR, SELLMYCOMMERCIALPROPERTY.COM

Investors’ flavour of choice is still vanilla

Since the start of the economic crisis, the volume of commercial property transactions has fallen to an all-time low. In some cases, asset values have fallen by as much as 50%, and at one point the market stagnated. But those who managed to survive the downturn believed values had hit the floor, so started returning […]

Standard proc fees will demonstrate we are impartial

With regard to the proc fee debate I am against a ban on proc fees. It is a fee that lenders pay to brokers to deal with applications and customers on their behalf. I do think a consistent proc fee, say 0.5%, across the board for every lender, will show customers that intermediaries are impartial. […]

Health Shield

Product guide — health cash plans to suit all shapes and sizes

This guide, called ‘Health cash plans to suit all shapes and sizes’, provides information on Health Shield’s standard and tailored cash plans, which are designed to satisfy all business and employee needs. Each scheme can be offered on a voluntary, company-sponsored or flexible-benefits basis.

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments