Legal & General has appointed Mike Thompson to the position of operations director of its lifetime mortgage business.
He has over 26 years of banking experience, of which 23 years were within NatWest Bank and the RBS Group.
Prior to joining Legal & General Home Finance, Thompson (pictured) was the head of UK operations for mortgage servicing specialist Acenden, part of the Northview Group.
During his time at Northview, he was responsible for all of the customer-facing teams, including primary servicing, specialist servicing, contact centre operations, insurance and complaints.
Thompson said: “I am delighted to be joining the Legal & General Home Finance team at such an exciting time for the retirement lending market. Legal & General has been a transformative addition to the lifetime mortgage market and is the most exciting and dynamic brand in the sector.
“I look forward to working closely with the team in Solihull as L&G continues to strengthen its position in the lifetime mortgage market in 2017.”
Steve Ellis, managing director of Legal & General Home Finance, added: “I am pleased to welcome Mike to the Legal & General Home Finance team as our new operations director. In just two years, we have grown from a £20m business to one of the largest providers of lifetime mortgages at £620m.
“Mike’s experience will be a key part of continuing that growth and furthering our mission of bringing the positive benefits of lifetime mortgages to more and more people across the UK.”