The Intermediary Mortgage Lenders Association (IMLA) has announced the appointment of Kate Davies to serve as its new Executive Director from 1st January 2018. Kate will take over from incumbent Peter Williams, who previously announced that he will be departing IMLA at the end of the year following over a decade in the role. Kate will begin shadowing Peter from 1st June, in order to ensure a smooth transition.
Kate is a high-profile mortgage policy specialist who will bring extensive experience of the mortgage and property markets to the role, having served for nearly 30 years in trade association and local government association roles. From 1991 to 2008, she served as a senior policy adviser to the Building Societies Association (BSA) and Council of Mortgage Lenders (CML), in which she actively influenced financial services policy development.
She has also served as a Non-Executive Director at Darlington Building Society since 2011, as Standards Officer for the Equity Release Council since 2012 and was appointed Chairperson of the Property Codes Compliance Board in January 2015.
Kate’s primary responsibilities will be to oversee IMLA’s operations and strategic direction. This includes coordinating member dialogue and initiatives on market and policy issues, relationship building, research and engagement with industry partners including other trade bodies, regulators and policymakers.
Kate will work closely with IMLA’s board of directors in her new role, which is currently led by Chairman Kevin Purvey of Coventry Building Society. IMLA’s membership stands at a post-recession high of 36 intermediary lenders including high street banks, building societies and challenger banks. These includes 16 of the UK’s top 20 mortgage lenders who are collectively responsible for nearly £180bn in mortgage lending*.
Kevin Purvey, IMLA’s Chairman, commented:
“Having set out to find a new Executive Director with a strong track record in the mortgage market, we are excited to welcome Kate to the role as an experienced, high-profile policy specialist who is widely respected for her work in the UK and European mortgage sectors.
“As well as her comprehensive knowledge and expertise on market and regulatory issues, Kate is also very familiar with the challenges faced by trade bodies and the invaluable contributions they make to support the market and the consumers it serves.
“Her experience and skills make her a perfect candidate to build on Peter Williams’ contribution to IMLA and help to steer the organisation through an important period in its development, as a dedicated and democratic forum for a wide range of lenders to collaborate for the benefit of all concerned.”
Kate Davies, IMLA’s incoming Executive Director commented:
“I am delighted to be joining IMLA and look forward to working with its board and members from the beginning of next year to represent their interests and the growing number of consumers who rely on intermediary lenders to access mortgage finance.
“The role provides a fantastic opportunity to contribute to the most important industry and policy debates affecting the mortgage market, and work closely with IMLA’s fellow trade bodies, regulators and policy makers to help secure improvements to the operating environment. IMLA’s growing membership speaks volumes for the value that lenders see in working together to help inform this agenda, and I look forward to building on the invaluable work done by Peter Williams to grow IMLA’s profile and influence.”
- Based on CML mortgage lending figures for 2015
Notes to Editors
The Intermediary Mortgage Lenders Association (IMLA) is the trade association that represents mortgage lenders who lend to UK consumers and businesses via the broker channel. Its membership unites 39 banks, building societies and specialist lenders, including 17 of the top 20 UK mortgage lenders responsible for more than £200 billion of annual lending.
IMLA provides a unique, democratic forum where intermediary lenders can work together with industry, regulators and government on initiatives to support a stable and inclusive mortgage market. Originally founded in 1988, IMLA has close working relationships with key stakeholders including the Association of Mortgage Intermediaries (AMI), UK Finance and the Financial Conduct Authority (FCA).