MAB appoints Stephen Smith as NED

Mortgage Advice Bureau has appointed Stephen Smith as an independent Non-Executive Director.

Related topics:  Mortgages
Rozi Jones
9th January 2018
Stephen Smith
"The knowledge and experience he brings will be of great value as MAB looks to lead the way in digitally enabling intermediary distribution"

Stephen retired from Legal & General at the end of December having joined in 1994. He was previously head of its Mortgage Club, Surveying Services, and Estate Agency operations.

In addition, he spent 14 years on the AMI board and several years as deputy chairman and member of the Bank of England's residential property forum.

MAB has also announced the retirement of Richard Verdin as an independent Non-Executive Director of the Group. Following Richard's retirement, Stephen will Chair the Risk and Compliance Committee.

Mortgage Advice Bureau's CEO, Peter Brodnicki, said: "I have known Stephen for many years and have always respected him greatly. He is a superb addition to the MAB board, and the knowledge and experience he brings will be of great value as MAB looks to lead the way in digitally enabling intermediary distribution, by embracing technology and working closely with lenders and insurers to deliver the best possible customer experience. I would like to take this opportunity to thank Richard for his superb contribution since IPO. It's been an absolute pleasure working with him."

Stephen Smith commented: “I am delighted to have been asked to join the Board of Mortgage Advice Bureau as a non-executive director and I am looking forward to helping them continue their impressive success and growth.”

“MAB is a company that I have known and admired for many years, and I believe that it leads the market in mortgage advice and sales and has exciting plans for the future in both the digital and face to face advice sectors. I am looking forward to putting my experience and knowledge to work there.”

Chairman, Katherine Innes Ker, added: "I am delighted to welcome Stephen to the Board. Stephen has a wealth of experience in the mortgage and insurance markets. Stephen's appointment brings excellent insight to the Board and supports the strategic direction of the Group.

"On behalf of the Board, I would also like to thank Richard Verdin for the contribution he has made since joining the Board at the time of MAB's IPO in November 2014. Richard has been a valued member of the Board and the Audit, Remuneration, Nomination and Risk and Compliance Committees. His experience and insight has been invaluable in the development of MAB and its customer centric approach and we wish him well as he continues to pursue his executive career."

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