Mortgage Brain has appointed Peter Hill as its new chairman.

Hill, whose previous roles include CEO of Leeds Building Society and chairman of the Council of Mortgage Lenders and the Northern Association of Building Societies, will take over from current chairman, Tracy Morshead.

He will be working with the executive and non-executive directors to provide strategic direction for the business and its technology proposition.

Hill said: “I’m delighted to have been asked to lead the Board of Mortgage Brain at such a critical time in the technology cycle.

“The development of The Key and its sourcing systems, the acquisition of Criteria Hub and the forthcoming launch of Lendex, all demonstrate Mortgage Brain’s commitment to innovation and determination to remain the mortgage industry’s leading provider of technology and software solutions.

“I look forward to supporting Mark and his executive team in this endeavour.”

Mark Lofthouse, CEO of Mortgage Brain, added: “The continued growth and development of our technology proposition places us in a very strong position within the market and it’s important that we continue to have a high profile, experienced and independently minded chairman to oversee business activities.

“Peter has a wealth of knowledge and experience and is highly respected in the UK mortgage and finance industry. I’m delighted to welcome him into his new role.

“On behalf of Mortgage Brain I’d also like to say a huge thank you to Tracy Morshead for the role he’s played in the development and success of the business over the past 11 years and wish him all the best for the future.”