Legal & General Home Finance has appointed a pair of new non-executive directors to its board.
Barry Meeks and Steve Haggerty will join former director of Legal & General Housing Partnerships Stephen Smith, bringing with them over 79 years of industry experience to help Legal & General develop its position in the lifetime mortgage sector.
Meeks has 35 years’ experience with a career that included chief executive of a UK Bank, as well as leading a number of consultancy, lending, professional services and distribution firms. He also has extensive experience as a non-executive director and currently sits on the boards of four companies, all in the financial services sector. He has been a main board director, both as an executive and non-executive, since 1991.
Haggerty has been involved in financial services for over 40 years, specialising in mortgages as an originator, servicer and more recently, in portfolio trading. His career has involved senior positions at Skipton Building Society and establishing an advisory and consultancy firm for mortgage asset trading and servicing. Steve has also held a number of non-executive directorships, including Melton Mowbray Building Society and currently Belmont Green Finance. He will be leaving his current non-executive director role at Target Servicing to take on the new position with Legal & General Home Finance.
Steve Ellis, managing director, Legal & General Home Finance, said: “We are extremely pleased to have both Barry and Steve joining the Legal & General Home Finance Board. Their combined experience and knowledge, alongside that of Stephen Smith, will provide valuable insight and judgement to support the continued growth of Legal & General Home Finance and the wider lifetime mortgage market.
“The perspective of highly qualified non-executive directors is something we value highly at Legal & General Home Finance, and I look forward to working closely with the members to strengthen our market-leading position.”
“I am thrilled to be joining the Legal & General Home Finance Board,” said Meeks. “Legal & General has been a transformative force in the lifetime mortgage market and has played a leading role making accessing property wealth more attractive and accessible to customers. This is a growing market with a bright future, and I look forward to working closely with the Board as they continue to bring lifetime mortgages into the mainstream.”
Haggerty added: “I am delighted to have been appointed to the Legal & General Home Finance Board. It is an incredibly exciting time for retirement lending, with lifetime mortgages now the fastest growing sector in the mortgage market, and Legal & General Home Finance is clearly a dynamic force in this sector having developed from industry newcomer to market-leaders. I look forward to working with Steve and the Board to support the company’s future development.”
