MT announces management restructure

One of its founder directors, Nags Rahman, will be leaving The group to pursue his own personal business interests. Nags has handed over all his responsibilities to the remaining three directors.

The group has also announced the appointment of Kevin Morris as head of compliance. Kevin joins from NHFA, part of the HSBC group, and will be responsible for all compliance matters across the group including the appointed representative offering.

The group has also appointed a financial controller whose name will be announced shortly.

Christopher May, director at The Mortgage Times group, commented: "We have seen huge growth over the past few years and these changes are as a result of months of talks. The group would like to wish Nags the very best of luck in the future. We are now one of the largest mortgage networks in the UK as well as being a 'super packager' producing record levels of business.

"We believe these additions to our management team will make our proposition a truly formidable one in the months to come."