Phil Jenks has joined Exact as a non-executive director.

Before retiring in 2008, Jenks held a number of senior positions at HBOS, including head of mortgage strategy and development. He has also been a member of the CML executive, been on the FSA External Advisory Group for regulation and been on the board of the Financial Services Forum.

His role as an independent director will be focused on corporate governance and the strategic growth of the mortgage servicing company. In addition, he will be chairman of the Exact Risk Committee

Ian Lonergan, CEO of Exact, said: “I and the rest of the executive team are absolutely delighted that Phil has decided to take up the position. His experience in the UK mortgage market is unrivalled and given our ambitious plans for the future we intend to keep him very busy.””