Checkmate Mortgages changes name

Nia Williams

February 22, 2010

The name change follows extensive research commissioned in Q4 2009 in both the B2B and B2C sectors.

Derived from the French word ‘portillon’, meaning the security gate in front of a castle, the new name passed various tests of positive association and recall.

To this end, Portillion is pleased to also announce the following Board and senior management appointments:

•Gerald Gregory, previously a director of Britannia Building Society, is non executive chairman;

•Ronnie Baird, previously a director of the FSA, is senior non executive director and chairman of the Audit Committee;

•Stephen Knight, previously executive chairman at GMAC RFC, is chief executive officer;

•David Hill, previously chief financial officer and chief executive officer at Stroud & Swindon Building Society, is chief financial officer;

•David Kindred, previously head of decision sciences at Lloyds Banking Group, is chief risk officer; and

•Philip Dearing, previously chief executive officer at Market Harborough Building Society, is savings director.

Gerald Gregory, non executive chairman, added: “The board, management team and governance structure that has been put in place at Portillion is as good as I have seen anywhere in the industry. When the time is right for us to launch, I am sure we will improve choice and benefits for customers.”

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