View more on these topics

Castle Trust appoints chief financial officer

Castle Trust has completed the appointment of its management team by taking on Keith Abercromby as chief financial officer.

Abercromby joins the mortgage and investment firm from LV=, where he was group finance director.

He has previously held finance director and chief executive roles at Norwich Union Life and Halifax Life.

Abercromby will join the board and report to Sean Oldfield, chief executive officer at Castle Trust, and in his new role will take responsibility for finance, risk and legals.

Abercromby says: “It is great to be part of such an impressive team bringing Castle Trust’s unique propositions to market.”

Oldfield adds: “Keith brings to Castle Trust over a decade of board level experience in successfully managing multi-billion pound balance sheets and consumer propositions across a range of financial services and will be invaluable in delivering strong outcomes for customers and shareholder alike.”

Castle Trust last week unveiled plans to launch into the mortgage market, offering ‘partnership mortgages’ that give borrowers a 20% equity loan in exchange for a share of any increase in the property’s value, subject to receiving Financial Services Authority approval.

Recommended

10

Is the FSA prejudiced against brokers?

The Financial Services Authority’s Mortgage Fraud Thematic Review was supposed to inspect lenders’ systems and controls for the prevention of fraud.

Parental leave and pensions

Fiona Hanrahan  – Senior Product Insight and Technical Support Analyst We are often asked how parental leave impacts workplace pension schemes in terms of funding in general, auto enrolment and salary exchange. This article will explain each of these. How does parental leave impact the funding of workplace pension schemes? A member of a defined […]

Newsletter

News and expert analysis straight to your inbox

Sign up