The Mortgage Advice Bureau has appointed Ben Thompson as managing director of the group, with effect from June 7.
Thompson joins from ULS Technology, which provides online platforms for the conveyancing and intermediary market. Prior to that he has held senior positions at Legal & General where he ran their mortgage distribution business.
MAB’s chief executive Peter Brodnicki says: “MAB’s strategy is very clear and this appointment clearly reflects the level of ambition we have.” This is the seventh appointment since the company’s IPO, and the first new role on the executive board.
Steve Goodall, currently managing director at ULS Technology has been appointed as its new chief executive, and will join the board of directors with immediate effect. He joined the company as managing director in May 2017.
As part of this appointment Thompson will receive 113,000 shares on the day he joins MAB. As part of the company’s executive share option plan he will also be granted a further 370,000 nominal cost options over ordinary shares, of 0.1 pence each in the group.
Both ULS Technology and MAB are listed on the AIM market.