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Chief executive of mortgage specialist to retire

Chief executive of mortgage specialist to retire

Chief executive of mortgage specialist TBMC Andy Young has announced he is to retire at the end of November.

He has worked for TBMC for the past ten years, having previously worked for Sesame and Allied Dunbar (now Openwork).

Jane Simpson will replace Mr Young. She is to be appointed as managing director from 1 December. Ms Simpson is currently head of sales and operations at TBMC, where she has worked for the past ten years.

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Mr Young said: “After having worked 40 years in the financial services market I feel the time is right to ‘hang up my work pen’ and retire.

“I have worked at three great businesses throughout my career, had some great fun and made many friends along the way. It is also very reassuring that I am passing over the running of the business to Jane Simpson, whom I know will take TBMC from strength to strength.”

ruth.gillbe@ft.com