From 1st July the Council of Mortgage Lenders is integrated into a new trade association, UK Finance. For the time being, all UKF mortgage information will continue to be published on this website, and UKF member-only mortgage information will only be available here.

UK Finance represents around 300 firms in the UK providing credit, banking, markets and payment-related services. The new organisation takes on most of the activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association. Please go to www.ukfinance.org.uk for wider content and updates from UK Finance.

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Moray McDonald to be new CML chairman

News

Published: 16 December 2014 | Author: Bernard Clarke

We are pleased to announce that Moray McDonald, head of personal and business banking products at the Royal Bank of Scotland, is to be the new chairman of the CML from the beginning of next year.

Moray McDonald, who joined Royal Bank of Scotland in 2010 when he was appointed director for home lending, will succeed the current chairman, Stephen Noakes, who is mortgage director for Lloyds Banking Group. Moray brings a wealth of international experience to the post, having also worked in lending businesses in Australia with Citibank and ANZ, and Spain and Portugal with BBVA and GE.

On his appointment as CML chairman, he said:

“As an industry, we know that buying a home is one of the biggest decisions our customers make in their lives. We have a responsibility to treat customers fairly and help as many borrowers as possible to buy their home and fuel growth in the economy.
 
“MMR made 2014 a huge year of change for the industry and we can feel proud of what has been achieved.
 
"We still face plenty of challenges in 2015, and I look forward to continuing the work the CML has done, under Stephen Noakes as chairman, to improve our customers’ experience of buying their home and managing their mortgage."

Moray McDonald will be supported by two deputy chairmen, Andy Gray, managing director of mortgages at Barclays Bank plc, and Peter Hill, chief executive of Leeds Building Society.