Nationwide Building Society has revealed that subject to its proposed merger with Portman Building Society going ahead, it is to create a new team of senior management dedicated to intermediary markets and specialist lending.
Heading up the team will be Matthew Wyles, who will become a group executive director, with Peter Leydon taking on the role of divisional director intermediary markets and Andy McQueen becoming divisional director specialist lending.
This is the first time Nationwide will have appointed a main board director to concentrate exclusively on intermediated mortgage business across the entire Group's spectrum of activity including commercial lending. Wyles' and McQueen's appointments will take effect from the date of the proposed merger (expected to be 28 August 2007) and Leydon's appointment will take effect from 1 April 2007.
Heading up the team will be Matthew Wyles, who will become a group executive director, with Peter Leydon taking on the role of divisional director intermediary markets and Andy McQueen becoming divisional director specialist lending.
This is the first time Nationwide will have appointed a main board director to concentrate exclusively on intermediated mortgage business across the entire Group's spectrum of activity including commercial lending. Wyles' and McQueen's appointments will take effect from the date of the proposed merger (expected to be 28 August 2007) and Leydon's appointment will take effect from 1 April 2007.
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