Non-Executive Board Appointment

RNS Number : 0932N

LSL Property Services PLC

27 September 2021

 

27th September 2021

LSL Property Services plc

("LSL" or "the Group")

Non-Executive Board Appointment

LSL Property Services plc announces the appointment of James Mack to the Board of LSL as a Non Executive Director, with effect from 27^th September 2021. James is also being appointed as Chair of the Audit & Risk Committee and he will also join the Nominations and Remuneration Committees.

James brings to LSL significant experience in audit, risk and financial services, particularly in the retail finance sector. This includes his current appointment as CFO and Executive Director at Barclays Bank UK plc. James was previously CFO and Executive Director at Aldermore plc and Aldermore Group plc.  Prior to this James was acting CFO at the Co-operative Bank. James' previous experience also includes senior roles in finance and internal audit at Skipton Building Society.  James qualified as an accountant with KPMG and holds a BA from the University of Nottingham.

In relation to James' appointments, the Board has determined that he is independent (according to the provisions of the UK Corporate Governance Code (2018 version)) and that he has the relevant financial experience to act as Chair of the Audit & Risk Committee

Following James' appointment to the Audit & Risk Committee, Bill Shannon, LSL's Non Executive Chair, will step down from his role as Chair of the Audit & Risk Committee.

Bill Shannon, Chairman of LSL, commented:

"We are very pleased to welcome James to our Board and as Chair of the Audit and Risk Committee.

"James brings highly relevant experience which adds significantly to the continuing development of the Group's strategy and in particular the focus on financial services ."

No information is required to be disclosed pursuant to paragraph 9.6.13 of the Listing Rules of the Financial Conduct Authority.

For further information, please contact:
David Stewart, Group CEO Adam Castleton, Group CFO
LSL Property Services plc	0207 382 0360

Notes on LSL

LSL is one of the largest providers of services to mortgage intermediaries and mortgage and protection advice to estate agency customers, completing 32.6bn of mortgages in 2020. It represents approximately 9% of the total purchase and remortgage market with around 2,700 financial advisers. It was named Mortgage Network of the Year by both Moneyfacts and Mortgage Introducer in their 2020 awards, as well as Best Network 300+ ARs by Mortgage Strategy.

e.surv is one of the UK's largest providers of surveying and valuation services, supplying seven out of the ten largest lenders in the UK, employing over 500 operational surveyors, and performing over 500,000 valuations and surveys per annum for key lender clients. It was named Best Surveyor/Valuer at the 2020 Mortgage Strategy awards.

LSL operates a network of 228 owned and 127 franchised estate agency branches, with brands that include Your Move, Reeds Rains and Marsh & Parsons. For further information please visit LSL's website: lslps.co.uk

PRIMIS is the trading style of First Complete Limited, Personal Touch Financial Services Limited and Advance Mortgage Funding Limited which are all authorised and regulated by the Financial Conduct Authority.

 

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