Mortgage Advice Bureau (MAB) has announced the appointment of Ben Thompson as managing director of the group in a new board role.

Thompson most recently CEO of ULS Technology plc, a provider of online B2B platforms for the UK conveyancing and financial intermediary markets.  rior to that he held senior positions at Legal & General Group, where he ran its mortgage distribution business, as well as the banking division.

He will join MAB on 7 June 2018, when Peter Brodnicki, MAB’s CEO, will make a gift of 113,000 ordinary shares in the group to Thompson for nil consideration. On the same date, MAB will grant to Ben Thompson 370,000 nominal cost options over ordinary shares of 0.1 pence each in the Group.  These options will be granted under the Mortgage Advice Bureau Executive Share Option Plan.

Brodnicki said “MAB’s strategy is very clear, and appointing Ben clearly reflects the level of ambition we have. This will be our seventh key appointment since IPO, and the first new role on the executive board.

“I am really looking forward to working closely with him to deliver our strategic objectives for the next five years and beyond. We will make a great team, and I have no doubt that we will be pushing the boundaries of what can be achieved even further than we do now.”