NEWS PEOPLE


Angela Knight decides to call it a day at BBA


 NATALIE THOMAS


After five years at the British Ban - kers’ Association, chief executive Angela Knight has announced her intention to step down. She will leave in the summer, by


which time it is hoped her successor will have been found. Knight says: “I have been at the


BBA at a time of extraordinary difficulty and during a crisis of a magnitude that few if any have seen before or expected. “The BBA has played a strong


part throughout this challenging period and has helped the industry it represents with the significant changes to regulation required. The banking indus try has under - gone radical restructuring to make it fit for the future and I am pleased


PEOPLE


Sophie Hall takes top intermediary position at Avelo


Sophie Hall, former director of business development at Intelliflo, has joined Avelo as its head of intermediary. She replaces Andy Watts, former


intermediary sales director at Avelo, who left at the end of March. Simon Badley, commercial direc -


tor of Avelo, says: “We wish Andy well in the future and thank him for his contribution to the business over a period which has seen great develop - ment and growth. “Hall has joined


SOPHIE HALL TAKING ON NEW ROLE


Avelo as head of in - ter me diary, a role that will see her lead the inter me diary sales and account manage-


ment team, with particular focus on Adviser Office, Avelo Web Solutions and Officeweb.” Hall left Intelliflo at the beginning


of March. Wenda Field, director of client transition at the firm, will take on her responsibilities. Prior to joining Intelliflo, Hall


was director of network operations at Home of Choice.


MORTGAGE STRATEGY April 9, 2012


to have played a part in this.” Knight took on the Financial Ser -


v ices Authority in the High Court of Justice over the mis-selling of pay ment protection insur ance and how companies should compen sate victims. The BBA launched a judicial


review in October 2010 in which it argued that the FSA’s stance on PPI mis-selling opened the floodgates to other retrospective reviews. There were calls for Knight to


resign after the trade body had to admit defeat last year, but she remained defiant. Prior to the BBA, Knight was


chief executive of the Association of Private Client Investment Mana - gers and Stockbrokers.


PAST TIMES This week in... 2011 Nationwide restricts


interest-only to 75% LTV, down from 85%


2010 Financial Services


Authority handed out £33.1m in penalties in 2009/10


2009 FSA chairman Adair 2008 Future Mortgages


suspends online applications for secured loans


2007 Beacon Group acquires


MD Nationwide and its associated mortgage packager Bananas Inc


2006 Financial Services 2005 Southern Pacific


Authority fines Deutsche Bank AG £6.3m


Mortgage Limited completes £700m securitisation


11


Turner says tighter cap on commercial lending for mutuals is needed


Page 1  |  Page 2  |  Page 3  |  Page 4  |  Page 5  |  Page 6  |  Page 7  |  Page 8  |  Page 9  |  Page 10  |  Page 11  |  Page 12  |  Page 13  |  Page 14  |  Page 15  |  Page 16  |  Page 17  |  Page 18  |  Page 19  |  Page 20  |  Page 21  |  Page 22  |  Page 23  |  Page 24  |  Page 25  |  Page 26  |  Page 27  |  Page 28  |  Page 29  |  Page 30  |  Page 31  |  Page 32