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New lender Fleet Mortgages reveals senior management team

Fleet Mortgages, a new buy-to-let lender set to launch in November, has announced its senior management team, which is to be led by former CHL Mortgages managing director Bob Young.

Young, who will become the new lender’s chief executive, is bringing a core group of ex-CHL management and staff to the new company. In July, Mortgage Strategy revealed Young and four senior managers had stepped down from their roles. 

Mike Lane will serve as chief information officer, Keith Murrell has been appointed chief operation officer, Sunny Lo as chief financial officer and Jannie Vermeulen will serve as chief credit and risk officer, while Ross Turrell will oversee the sales division. At CHL, Lane served as It and administration director, while Murrell, Lo and Vermeulen served as head of operations, finance director and head of credit risk respectively.

Philip Tebbatt has been appointed chief legal officer, having previously worked for financial services legal firm Slater Rhodes.

The company has also made departmental appointments including Diane Mitchell as head of credit, Stefan Terblanche as head of IT and Kim Beaven who will head up the human resources division.

Young says: “It is very pleasing to be able to announce the senior management team at Fleet Mortgages as we put in place a collection of experienced mortgage and financial services professionals to launch and run this new lending venture.

“The experience and quality within this team is second to none and it means we are able to launch as a lender in double-quick time and hit the ground running with our ambitious growth plans.”



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Andrew Doyle cropped for comment

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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).


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