LSL Financial Services has appointed Piotr Nowosad as Interim Managing Director.
Piotr will lead the Financial Services Division, with overall responsibility for Primis, TMA Mortgage Club, Novium and Linear, while the Board undertakes the process to appoint a permanent Managing Director.
Piotr joins with more than a decade of executive leadership experience managing large businesses across highly regulated sectors, including financial services and energy. He will spend his first weeks meeting advisers, distribution partners and colleagues across the business as he shapes the next stage of the division's growth.
He replaces Richard Howells who will be stepping down after leading the division through an important period of transition and laying the foundations for this next phase of growth. Richard will support Piotr with a handover before leaving at the end of the month.
As one of the UK's largest mortgage and protection distribution businesses, LSL Financial Services supports approximately 2,600 advisers across Primis, TMA, Novium and Linear. The division facilitates around 12% of the total UK mortgage purchase and remortgage market.
LSL Financial Services also arranges protection policies of c.£60m APE p.a. and works with over 130 lender and provider partners, giving advisers and their customers access to the broadest and best proposition in the market.
The intermediary market is entering an exciting new phase of growth. As borrowing decisions become more complex, customers are increasingly seeking trusted professional advice. At the same time, significant opportunities remain to help more customers protect themselves and their families, while advances in technology are enabling advisers to serve more clients, more efficiently than ever before. Against that backdrop, LSL Financial Services is focused on helping advisers build stronger businesses by combining the strength of its people, partnerships and technology.
Piotr Nowosad, Interim Managing Director of LSL Financial Services, said: "This is an exciting time for our industry. The role of professional advice has never been more important. Customers need expert guidance to navigate an increasingly complex market, protection remains a significant opportunity to improve customer outcomes, and technology is creating new ways to help advisers grow their businesses and spend more time with clients.
"LSL Financial Services is uniquely placed to lead that opportunity. We have outstanding businesses in Primis, TMA, Novium and Linear, exceptional colleagues, deep relationships with lenders and providers, and one of the strongest adviser propositions.
"My ambition is to change up a gear. That means making our advisers even more successful by improving productivity, investing in technology and delivering even greater value through the strength of our partnerships. We won't be changing direction so much as building on the strong foundations already in place and accelerating that momentum.
"Over the coming weeks I'll be meeting advisers, distribution partners and colleagues across the division. The people closest to our business know where we can make the biggest difference, and I want to hear their views. We'll listen carefully, make clear decisions and focus on the practical improvements that help our advisers, partners and customers succeed.
"I'm incredibly optimistic about the future. We have a market-leading platform, exceptional brands, talented people and a tremendous opportunity to shape the future of mortgage and protection advice in the UK."
