Pivotal Growth, the mortgage broker consolidator, has appointed Mayank Prakash CBE as its new group chief executive.

He will take up the role on 1 September.

The business, established in 2021 as a joint venture between Pollen Street Capital and LSL Property Services, has completed 19 acquisitions and now has a network of more than 500 advisers. It said the new leadership marks the next stage of its plans to consolidate the sector and expand the use of technology and AI across mortgage advice.

Prakash (main picture) joins from Evelyn Partners, where he was group chief operating officer. During his tenure, he oversaw growth across wealth, professional and fund services. He is currently a board director at Softcat and Uber in the UK and holds an MBA from Manchester Business School. He has also been a fellow at Wharton and BCS.

His earlier career includes senior positions at Centrica, Morgan Stanley, Sage and Avaya, as well as a spell in government as director general, where he scaled digital pension services for 13 million customers. He was awarded a CBE in 2024 and was named the UK’s most influential business leader by Computer Weekly.

STRATEGIC VISION

Simon Embley, chairman of Pivotal Growth, said: “Mayank brings a rare combination of strategic vision, buy and build growth, operational excellence, and technology transformation.

“His appointment marks a pivotal moment in our journey to raise market standards to deliver consistent, high-quality outcomes for mortgage customers across the UK.”

Prakash added: “I’m honoured to join Pivotal Growth, following in the footsteps of Simon. The opportunity to unify the fragmented market and utilise AI for every personal adviser’s interaction has the potential to transform the mortgage experience, which is a key life decision.

“I look forward to working with the talented team at Pivotal to establish the UK’s trusted mortgage adviser of choice.”