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McDonald new chairman of CML

Moray McDonald, head of personal and business banking products at the Royal Bank of Scotland, has been appointed the new chairman of the Council of Mortgage Lenders.

He will succeed Stephen Noakes, mortgage director for Lloyds Banking Group, on 1 January.

Mr McDonald said: “MMR made 2014 a huge year of change for the industry and we can feel proud of what has been achieved.

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“We still face plenty of challenges in 2015, and I look forward to continuing the work the CML has done, under Stephen Noakes as chairman, to improve our customers’ experience of buying their home and managing their mortgage.”