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Openwork promotes Mary-Anne McIntyre to CEO

Openwork has promoted Mary-Anne McIntyre, its current chief operating officer, to the role of chief executive officer.

Subject to Financial Services Authority approval, she will take over the role of CEO from Martin Davis, who recently left Openwork to assume a position outside of the distribution sector.

McIntyre has held the position of chief operating officer at Openwork since she joined the firm in August 2010.

Kate Avery, chair of Openwork, says that McIntyre has proved herself to be extremely capable and talented since she joined the company.

She says: “We believe she will do an outstanding job in driving Openwork forward as we seek to prepare the business and, most importantly, our advisers in advance of Retail Distribution Review implementation next year.”

McIntyre adds: “This is an exciting time to assume the role of CEO and I look forward to building on the progress made to date in ensuring our advisers have the best possible support they require to achieve significant success under the incoming regulation.”


Scottish MIG raises concern over house prices and defaults

I read in Mortgage Strategy Online that the Scottish government has launched a mortgage indemnity guarantee. Builders have a vested interest in keeping house prices high and MIGs will help maintain this. Second, if the scheme is government-backed, who pays if the borrower defaults? In practice borrowers will probably not have the cash to repay […]


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