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L&G names new home finance managing director
Steve Ellis has been promoted to the role of managing director of Legal & General Home Finance.
Steve – who had previously held the position of chief operating officer at L&G – joined the firm in 2007 and in 2014 he led the acquisition of Newlife.
Before joining L&G, he managed large-scale operations for outsourcing organisations, worked in corporate risk and annuities, and was a management consultant for GE Capital businesses in the UK and US.
Steve said he was delighted with his new position.
“We have built a fantastic proposition and market share in the short time that we have been in the lifetime mortgage market.
“We have some exciting plans for 2017, which we expect to help the market continue its strong recent growth.”
Chris Knight, who was recently announced as the managing director of L&G’s retail retirement division, added: “’I’m pleased that Steve has accepted the role of managing director for our retirement lending business.
“Steve’s appointment brings important continuity to Legal & General Home Finance as the business enters its next phase of rapid innovation and growth.”
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