Gary McGregor is leaving his post as head of Scottish Widows Bank prompting a restructure of the organisation.
A Lloyds Banking Group (LBG) spokesperson confirmed the move and the resulting reshuffle to Mortgage Solutions, but could not confirm if McGregor is taking another role within the group.
McGregor had been heading the bank following managing director Neil McLellan’s move to retail business development and design director within LBG.
McLellan spent just eight months as managing director of Scottish Widows Bank after being appointed in January 2018 to replace Martin Fleming, who had held the role for two years.
Wilson extends role
From 1 April Ian Wilson, head of Halifax Intermediaries, will take on responsibility for all of the group’s intermediary relationships by extending his role to include Scottish Widows Bank.
Claire Scott (pictured left) has been appointed into the newly created role of head of business development in Scottish Widows Bank.
Scott will lead the team of business development managers (BDMs) across the UK with the aim of growing Scottish Widows Bank’s mortgage and product transfer proposition.
She has been a regional manager in Halifax Intermediaries since 2012.
Chris Molyneux (pictured right) has been appointed as regional manager in Halifax Intermediaries covering the North and Central region.
The lender said Molyneux had been instrumental in the development of Scottish Widows Bank.
‘Better align intermediary business’
Wilson (pictured centre) said: “These changes will help us to be in the best shape to support the intermediary residential market by making it easier for brokers to do business with us.
“We are also expanding telephone BDM teams across both brands as part of our ongoing commitment to delivering service that brings real value for intermediaries and their clients.”
Lloyds Banking Group managing director of intermediaries and specialist brands Mike Jones added: “Following consistent growth in Scottish Widows Bank and the continued strong market presence of Halifax Intermediaries, these appointments will better align the residential mortgage intermediary business to help focus on building on its success to date.”
Owain Thomas is features and contributing editor of Mortgage Solutions and editor of Specialist Lending Solutions.
He also has experience in the protection, pensions, workplace benefits and HR areas.
Owain has won two Headline Money Awards and the Protection Review’s Journalist of the Year award.