Non-bank boss steps down following merger

It has been announced today that while Warren McLeland will step down as managing director, he will continue his work through his role as non-executive director, representing “the interest of our largest shareholder, Somer Limited”, of which Mr McLeland is chairman.

“The board would like to acknowledge Warren's 18-year service leading the organisation," said Robert Scott, chairman.

“He has consistently maintained RESIMAC's strong credit rating, while overseeing growth, culminating on our recent successful merger.”

Scott McWilliam and Mary Ploughman have been appointed joint chief executive officers, while Ian Parkes will continue as chief financial officer.

More to come.

[Related: Bermuda-based fund manager to control mortgage supergroup]