Stephen Smith has replaced Ben Thompson as head of the Legal & General Mortgage Club, as part of a management team reshuffle.
Smith, who is currently director, housing and external affairs, at the Legal & General Network, will take over as director, mortgage club and housing.
The current managing director, Thompson, is moving on to a new role as director of banks and affinities within insurance, where he will oversee the group's key financial services relationships.
The changes come as part of the wider re-organisation within the group to improve the delivery of products and services to customers and intermediaries.
Jeremy Duncombe continues his role as director, mortgage club, reporting to Smith.
Smith said: "The Legal & General Mortgage Club is central to our strategy in the housing and mortgage markets, bringing many benefits and value to various parts of the Group.
"Growth and innovation will continue and we are looking forward to a robust market recovery and to helping our partner firms through next year’s regulatory change. We have an exciting future and an improving market to look forward to.”
Thompson, who joined the Club in 2007, drove the increase its market share from 9% to 28% and helped position it as a leading UK mortgage distributor.
He will remain in the lending and banking market supporting the broader proposition.
Thompson said: “I am delighted and excited with the challenges of my new role. I am proud that the Club is a leader in a recovering market and with intermediaries well placed to go from strength to strength.”
In further changes, Sue Pennington and Martyn Smith will be leaving the company.
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