Sarah Davidson

January 25, 2016

Former Aldermore boss Colin Snowdon will be joining Pepper Homeloans from the beginning of February.

Snowdon, an industry veteran, was previously chief executive for residential mortgages at Aldermore Bank, where he developed the bank’s mortgage strategy and then went on to build and launch the business.

More recently he has been strategic adviser to a number of UK mortgage lenders including Saffron building society and Sainsbury’s Bank.

He has also launched and developed a number of UK specialist lenders including Wave Lending, Freedom Lending, Verso and the Mortgage Business.

At Pepper Snowdon will have overall responsibility for the strategy and growth of the business.

He said: “I have been following Pepper Homeloans for some time and am very excited by this fantastic opportunity.

“Pepper is an established global company and I am looking forward to working with the team to grow a strong intermediary lender.

“Beyond this, I have a real respect for the Pepper culture and approach. I’ve spent my working life in the intermediary lending space developing alternatives to the “one size fits all” approach of the big lenders.

“I believe there are many opportunities to lend in the many underserved segments of the market and look forward to developing our proposition.”

Richard Klemmer, chief executive of Pepper UK, added: “Colin is exceptionally well positioned to drive our growth in lending. His excellent experience and knowledge of the marketplace mean that he can help strengthen our existing relationships and form new ones – facilitating our expansion strategy and increasing our exposure to intermediaries.”

The Pepper Group was founded in Sydney in 2001 and has since expanded across Australasia and Europe.

The company now has over £23bn of assets under management, nearly half of which is in the UK.

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