Mortgages plc appoints new head of compliance

Pinagli, who will be based at the lender's London head office, joins from Barclays, where she spent 22 years. She brings with her a wealth of experience and knowledge of FSA compliance. Her role will be to oversee all compliance matters at Mortgages plc in the run up to FSA regulation and beyond, and she will manage a Compliance team of four people.

Trevor Pothecary, Group Chief Executive, comments on the appointment: "This is a key position in our senior management team and we are delighted to welcome Margaret to Mortgages plc. We are in great shape leading up to FSA regulation and with Margaret now on board our compliance function has been further strengthened."

James Mayne of Smart Compliance Solutions, who has been working with Mortgages plc as acting head of compliance in recent months, will continue in a consulting role.