Legal & General Network has announced the appointment of Jeremy Duncombe as director of mortgages.
Duncombe will report into Ben Thompson, the Club’s managing director, who now takes on a broader role developing wider strategic opportunities, across the Mortgage Club and Network.
Stephen Smith, director, housing and external affairs for the network becomes chairman of the club, as well as retaining executive responsibility for Legal & General’s estate agency and survey businesses.
Both Thompson and Smith will report to Duncan Crocker, managing director of Legal & General Network.
Duncombe was most recently head of sales with Abbey for Intermediaries (AFI), a position that he held for over two years. His previous experience includes time at Platform and a new business start up as director of sales with Advantage (the UK specialist lending arm of American investment bank Morgan Stanley).
Duncan Crocker, managing director, Legal & General Network, said: “Jeremy has delivered very well wherever he has been and I know he will be a popular and successful appointment for us. He brings with him a wealth of experience in the financial services sector, with lenders and intermediaries and I am looking forward to working with him.
“I am also pleased with the expanded role for Ben who will join the Network executive team and focus on taking the Club to its next strategic level by developing potential opportunities through wider Legal & General Group synergies and brand leverage.
“It is very important for us that we recognise the scale and standing of the Club as a strategic enabler. We will continue to invest in providing the highest level of support for our members, to ensure we deliver the best service and propositions, as well as maximum all round value to all our trading partners, as well as for Legal & General.
“Further strengthening the management team in this area is important and will ensure that the Club continues to move forward at pace and build on its unique sector strengths, especially at this time of such transformational shifts in the broader intermediary sector.”