Jesper With-Fogstrup has started as the new CEO of ULS Technology.
Jesper joined from HSBC, where he was global head of digital as a channel. He has over 20 years of experience within digital businesses, including a spell as chief operating officer at comparison site CompareTheMarket.
With-Fogstrup will oversee the conveyancing technology company’s growth strategy, which will be funded by the capital generated from the sale of its wholly-owned subsidiaries Conveyancing Alliance Holdings Ltd and Conveyancing Alliance Ltd in November 2020. Proceeds from the sale have allowed ULS Technology to pay off all of its debt facilities, and leave around £25 million on its balance sheet.
Funds from the sale will enable focused customer experience growth through enhancements to both eConveyancer and DigitalMove, ULS Technology’s customer-facing brand.
With-Fogstrup said: “I’m incredibly excited about this opportunity. The conveyancing experience is not always a positive one for customers, because most only do conveyancing a few times in their life and all too often they don’t really know what the conveyancer is doing or why it matters to them. We can fix that by making the whole process clearer, simpler and more transparent.
“There is a big role for technology to play. Elements of the conveyancing journey are currently being done manually, which could be automated. That could make a big difference in speeding up the journey and ensuring everyone are involved and clear on the progress – from the homebuyers and conveyancers to estate agents, lenders and brokers – enjoying a far more satisfying experience.”