View more on these topics

Colin Snowdon leaves Aldermore

Colin Snowdon, chief executive of Aldermore’s residential mortgage lending, has left the lender.

Snowdon, who joined in December 2009 has left by mutual consent.

Aldermore has announced today that it is restructuring its mortgage business.

It has appointed Charles Haresnape, former group mortgage service director at Connells Group as managing director of residential mortgages at Aldermore.

The mortgage division will be headed by Mark Stephens, deputy CEO at Aldermore.

Phillip Monks, chief executive of Aldermore, says: “Charles brings with him really valuable experience gained from both sides of the mortgage industry – from leading an intermediaries business and from heading up a major lender’s mortgage business.

“I think that is going to help Aldermore keep a very sharp focus on its customers.  

“I am sure that he will be a major asset as our new Mortgages Division goes from strength to strength. We have got off to a great start in growing our mortgage business from scratch and we looking forward to Charles and Mark building from that very solid base.”

Aldermore’s commercial and residential mortgage business units will both report to deputy CEO Stephens, who will now also become group managing director of Aldermore’s new mortgages division.

Aldermore says the new structure will help to increase collaborative work between the two teams covering the mortgage markets.

It says many of the intermediaries that the bank deals with cover both commercial and residential mortgages and that there are notable improvements in service levels that can be delivered by having both mortgage teams work more closely together.

Monks adds: “We are very customer and service focused bank and Mark’s stewardship is going to help drive further improvements in that area. There are areas of the mortgage world, particularly the buy-to-let market, where having commercial and residential mortgages as separate teams is not the best approach.”

Recommended

ED STUART-BROWN, HEAD OF PROTECTION, SALES FRIENDS PROVIDENT

Start young when it comes to protection

During the past month I’ve been discussing the different life stages and how they can affect the way protection is sold. There is evidence that many people are choosing to start families later in life. Nowadays 29 is the average age for women giving birth to their first child, having gone up from 25 two […]

DAVID GEALE: NOT RUSHING PROPOSALS
1

Direct deals are only 17% of market, says FSA

Direct-only mortgages represent just 17% of the market, the regulator revealed last week. In its Mortgage Market Review distribution and disclosure consultation paper, the Financial Services Authority claims that the number of direct-only products has reduced considerably – from 26% in November 2009 to 17% in November 2010. Its figures show consumer loyalties are evenly […]

cornell.jpg

Marketwatch

Abbey’s plans to enter buy-to-let is welcome news in a sector lacking competition. And I was relieved to see the latest MMR paper contains ideas that will actually make things better for borrowers

Thumbnail

Case study: administration — managing group life schemes

Our client leads the global market in high-tech electronics manufacturing and digital media. The trustees of the company’s final salary pension scheme insure death-in-service lump sum and dependants’ pension death benefits for active employees, as well as dependants’ pension benefits for deferred members (those who have left service).

Newsletter

News and expert analysis straight to your inbox

Sign up
Comments
  • Post a comment
  • Rick 3rd March 2011 at 10:17 pm

    Aldermore, magic loans, SK11 OMG is this some sort of supertanker company.

  • Brian 30th November 2010 at 5:13 pm

    Football Managers seem to spend more time in their roles than some senior mortgage figures.

  • DrewLocal 26th November 2010 at 11:31 am

    I was working for LBG last year when someone high up in mortgages got so frustrated with the medieval property title registration process in Scotland that he seriously considered stopping lending north of the border until the law was ‘fixed’; then someone reminded him what the ‘S’ in HBOS stood for.

  • Andy Valvona 26th November 2010 at 9:37 am

    As is often the case, the real reasons will probably never come out.

  • Keith Thomas 25th November 2010 at 5:07 pm

    What a bizarre press release! Am I the only one asking the question – “why??” Why did Colin Snowdon leave? He was according to many a good guy, and it seems a very odd time to be leaving the business. Come on MS – ask the question!

  • Stephen Guy 25th November 2010 at 4:59 pm

    I hope they continue to provide excellent service into the future as they have in the past. They really are a pleasure to do business with.

  • HDC 25th November 2010 at 4:56 pm

    A very good question William

  • William Reid 25th November 2010 at 1:52 pm

    When are they going to start lending in Scotland though?