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Mortgage Advice Bureau shakes up management team

Mortgage Advice Bureau shakes up management team

Mortgage Advice Bureau has announced changes to its executive team.

Ben Thompson will become the company's deputy chief executive from July 1 as Lucy Tilley steps into the chief financial officer position.

Mr Thompson is currently group managing director at the advice network and was previously chief executive of ULS Technology.

Ms Tilley is currently a finance director at MAB, having previously held a director position at Canaccord Genuity.

The network has said the appointments "reflect the scale and ambitions" of MAB, which reported a total of 1,213 advisers at the end of 2018.

In its results for 2018, the mortgage adviser posted a pre-tax profit of £15.7m, up 8 per cent on the £14.5m achieved in 2017.

The new appointments coincide with the retirement of chief operating officer David Preece, which was announced earlier this year.

Mr Preece will become a non-executive director of the company.

imogen.tew@ft.com