UK Finance has hired Miguel Sard to chair its mortgage board replacing Leeds chief executive Peter Hill who oversaw the merger of the Council of Mortgage Lenders with five other trade bodies to form the umbrella group.
Sard has worked for Santander since 2007 and has been director of mortgages at the bank since 2013.
Prior to heading up the mortgage division, he was in chage of the lender’s intermediary relationships.
UK Finance was formed last year after the merger of the Asset Based Finance Association, British Bankers’ Association, Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.
The Building Societies Association opted to remain separate from the new trade body.
UK Finance chief executive Stephen Jones says: “Our Mortgages Product and Service Board has a packed agenda for this year, including the Government’s Housing Strategy and the response to the FCA Market Study.
“We are fortunate to have an industry figure as influential as Miguel at its helm. Miguel brings a wealth of experience to this role that will be crucial in helping us deliver for our members and their customers.
“I am grateful to Peter Hill, who Miguel succeeds, for his invaluable role in ensuring the mortgages agenda is at the heart of UK Finance’s activities. Peter will continue to serve as a Board Director of UK Finance.”
Miguel Sard adds: “The UK Finance Mortgages Product and Service Board plays a key role for the industry. I am delighted to have been appointed as chair and look forward to working to support, define and deliver positive results for customers across the UK.”