The Mortgage Lender has hired ex-Mortgages plc’s Peter Beaumont (pictured) as deputy chief executive.
He has been in the industry for more than 32 years, with board positions at Mortgages plc and Merrill Lynch; where he was managing director.
He has also been on the board at Hearthstone, a UK Residential Property fund, the GSP Group, which specialises in real estate and private equity and RPS Capital Partners.
Trevor Pothecary, chief executive of The Mortgage Lender, said: “We are delighted Peter is joining us at a crucial point in our evolution. His knowledge and experience complement and add to the existing management team as we gear up for the launch of our buy-to-let proposition and look to securitise our first tranche of loans.”
TML said his appointment underpins its ambitions to identify new opportunities, drive growth and differentiate the brand.
Pothecary added: “Working with a successful and known management team is the right opportunity at the right time for me.
“It means I can focus on developing and building on what the board has already achieved as well as identifying new markets and segments of the market that are currently underserved. I’m looking forward to working with a team I trust as well as building on TML’s success.”