Former Ballast manager Kevin Frost has taken up the reins with a clear mandate to grow the business, which is part of the publicly listed Centrepoint Alliance Limited.
Bob Dodd, chief executive of the Centrepoint lending businesses said the group is totally committed to growing its lending solutions businesses.
“Our mortgage aggregation business has not been keeping up with industry pace over recent years, so we have made some changes,” Mr Dodd said.
“As a non-institutionally owned alternate to the bank-owned or part-institutionally owned players, we believe we are in a good position to offer a bespoke service to brokers by enhancing their experience with education and training and a personalised, consistent and reliable service,” he said.
“We have continued to invest in our broker systems and have formed a joint board with broker representatives to ensure we deliver added value and productivity gains.”
Mr Dodd said the appointment of Mr Frost clearly illustrates the group’s commitment to grow the business and to continue to help its existing and new brokers expand their businesses.
The aggregator plans to recruit further staff and introduce more brokers in the coming weeks.
“We have a unique opportunity to introduce our mortgage and asset finance intermediaries to over 1,400 financial advisers and accountancy practices, as well as finding a number of general insurance brokers who are interested in our lending products too,” Mr Dodd said.
Mr Frost said he is delighted with the appointment and firmly believes he is joining the business at the right time.
“It’s fantastic that management realised the need to make changes in order to grow. In the few weeks I have been here, there is clear evidence that the Centrepoint executive team are committed to our mortgage business and are assisting its total integration into the Centrepoint group,” he said.
Centrepoint Alliance is an integrated wealth and funding business in the areas of financial advice, platforms and administration, funds management, funding and mortgage broking.