Ellis led L&G’s acquisition of Newlife in 2014 which saw the group enter the lifetime mortgage market.
Legal & General has hired its chief operating officer Steve Ellis as managing director of its home finance division.
Ellis led L&G’s acquisition of Newlife in 2014 which saw the group enter the lifetime mortgage market.
Before joining L&G in 2007 he ran operation areas in corporate risk and annuities, managed large scale operations for outsourcing organisations and was a management consultant for GE Capital businesses in the UK and US.
Chris Knight, managing director of retail retirement at Legal & General, said: “’I’m pleased that Steve has accepted the role of managing director for our retirement lending business.
“Steve’s appointment brings important continuity to Legal & General Home Finance as the business enters its next phase of rapid innovation and growth.”
Ellis said: “I’m delighted to be continuing the journey with our retirement lending business.
“We have built a fantastic proposition and market share in the short time that we have been in the lifetime mortgage market.
“We have some exciting plans for 2017 which we expect to help the market continue its strong recent growth.”
