In Reference Appointments & Updates Appointments & Updates General manager, Kevin MacKay, said:
“One of the key aspects of paying the Living Wage is that we are able to offer new starters a better package which has benefits for recruiting and retaining staff in the longer term. Being able to attract high- quality staff, and hold on to them, is essential as it allows the time for them to fully develop their skills, ensuring they can handle all aspects of their role confidently.”
Fleet Mortgages has suggested portfolio and professional landlords are ‘increasingly looking to capital raise’ via remortgaging in order to purchase property with strong rental yields. Bob Young, chief executive officer, said:
“There seems to be a perception in the market, at the moment, that remortgaging to raise capital is very hard, but that is certainly not true in our case, where we have few barriers to remortgage, the same simple criteria across the piece, and borrowers can raise capital up to 75% LTV.”
Jaywing has launched Archetype, a new risk-technology product that uses artificial intelligence (AI), machine learning, and deep neural nets to help lenders generate transparent statistical models and predict almost any outcome on almost any data set. Managing director, Ben O’Brien, said:
“We have been able to capitalise on almost 20 years of risk, financial services, and data-
Walker Morris has confirm that Rob Aberdein has joined the firm as a partner in its Banking Litigation Group. Andrew Beck, banking litigation
partner, said: “Rob has built up both an impressive client base and a business that is wholly compatible with ours. His enthusiasm and skill set will help the team to continue to develop our offering and will allow Walker Morris to offer UK-wide legal services to our financial-services clients.” Louise Power, banking litigation partner, added: “Having someone of Rob's
Andrew Beck, Rob Aberdein, and Louise Power
calibre and renowned reputation, within the Scottish market, join our team is a fantastic enhancement to our offering for our financial-services clients.”
January 2018
www.CCRMagazine.co.uk
Else Solicitors in Burton on Trent has increased the size of its offices following the move into an adjacent office unit on First Avenue. The new offices will provide them with a further 1,800sqm of space and enable the creation of a new client-reception area, additional meeting rooms, and further office space upstairs. Managing partner, Chris Else said:
Else Solicitors
“It has been another great year for the firm and I am really proud of what we have achieved, as a team, since the firm was founded in 2003. We will be celebrating our 15-year anniversary in November 2018, and the new offices will give us the space we need to continue our plans for expansion. We act for some really high-profile brand names, both locally and nationally, and we needed to ensure the physical presence of our brand reflected the calibre of client we are now attracting.”
science heritage to create an enhanced AI solution. The development of Archetype, on the back of advances in processing power and algorithmic improvements, solves one of the issues that was prevent- ing the mass adoption of AI in credit scor- ing: how to build models that can be understood and agreed by the business, whilst maximising their predictive power.”
Analysis from Equifax Touchstone shows total sales of protection products increased by 1.4% in the third quarter of 2017 to £149.1m, a new five-year high. Year-on- year total sales were up by 7%.
Director, John Driscoll, said: “The third
quarter began in the aftermath of the snap general election and as Brexit negotiations started to really get underway. This political uncertainty, combined with the continued murmurings of an economic downturn on the horizon, goes some way to explaining the rise in income-protection sales. People are responding to the high levels of uncertainty and the concerns over job security.”
Pepper has announced that it has won a contract to service an €800m portfolio of non-performing loans with the Bank of Cyprus. The portfolio is granular and diverse, but focused on lower value, real- estate secured connections in the SME and retail portfolio. A statement from the bank said: “Pepper
will bring their own experienced workout professionals, initially amounting to around 40 employees, who will focus on resolving a specified portfolio of circa €800m retail and SME non-performing loans. “This will accelerate the pace at which
the bank can resolve specific problematic small-ticket loans, which is critical to, and entirely consistent with, the bank’s commitment to fully resolve the non-performing exposures issue in the shortest possible time.”
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