BDS appoints head of compliance

Mike joins BDS from Bank of Ireland, where he was head of compliance and legal services, and brings with him over 30 years of financial services experience. Mike is regularly asked to speak at leading industry events on a range of topics including FSA compliance, customer relations, property investment, and is a regular contributor to industry magazines.

Mike will be responsible for the BDS network and will play a leading role in the development of the packaging, technology, and branded lending divisions of the company. Mike will also oversee the development of the BDS ‘Better Business’ workshops run for intermediaries across the country.

Phil Jay, managing director of BDS Mortgages said: “BDS has always made compliance a crucial element of the service and security we offer intermediaries. FSA regulation has focused many firms’ minds on the need for improved compliance back up, but our attitude has always been that this is a fundamental part of a well-rounded proposition. Having Mike join the team is a tremendous boost for the company and will ensure that all intermediaries dealing with BDS continue to have confidence and assurance in our products, service and procedures.”

Mike Davies said: “A successful compliance proposition should be almost invisible as it is integrated into every aspect of the business process creating lighter touch compliance. I believe that intermediaries want the confidence that comes from dealing with firms that place compliance at the heart of their businesses. BDS is an established firm, celebrating their 15th birthday this year, well respected and with ambitious growth and development targets, and I’m looking forward to joining the team on the 4th July.”

Roger Taylor, head of sales at Preferred Mortgages, said: “This is a real coup for BDS as Mike is very highly regarded in the industry. It speaks volumes that he would leave a very senior position at Bank of Ireland to join them. To attract someone of Mike’s calibre demonstrates their success and growth and shows BDS are focused on building on their position as one of the most respected firms in the industry.”