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Lloyds shakes up top mortgage team

Lloyds Banking Group has reshuffled its executive management team and appointed Colin Walsh as managing director of Lloyds Banking Group Mortgages.  

Walsh joined Lloyds TSB in February 2006 and has previously worked for American Express and spent some ten years in the Home Lending area of Wells Fargo in the US.

Walsh will continue to be a member of the retail board where he was previously currently savings, investments and protection managing director .

Mike Kula takes on the enlarged role of retail mortgage operations, collections & recoveries director reporting to Colin Walsh. Kula has been leading retail mortgages over the past months as Interim managing director after Dan Watkins left the organisation.

Finally Ian Fielder, who has been managing the combined mortgage operations and collections and recoveries function on an interim basis, will be moving into retail risk.

Both Nigel Stockton, sales director and Stephen Noakes, commercial director remain in role and are unaffected by these changes.

Walsh says: “I am excited to be joining the Mortgages team.

“LBG with leadership most recently from Mike Kula and his fellow directors, has done a great deal to build visible momentum in the LBG mortgage business. I’m looking forward, with this team, to facing new challenges and making LBG the best mortgage business in the UK.”


C&G unveils two-year tracker from 0.49%

Cheltenham & Gloucester has launched a two-year tracker at 0.01% below the Bank of England base rate, available at 85% and 90% LTV. This rate only lasts until December 31 2010, at which point it jumps to base rate plus 5.49% until July 31 2012.


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