Paul Rogers, finance director, will also be leaving the company later in the year.
Paragon plans to rebrand Britannic Money to Mortgage Trust in the near future, and will continue to run the business from Epsom, as an independent discrete operation. John Heron, Paragon Group's director of mortgages will take responsibility for the development and implementation of Mortgage Trust's new business strategies.
Tony Ward said: "I am sad to be leaving Britannic Money, having been involved with the business for nearly 14 years, but proud that we have created a well-respected and innovative lender. Paragon understands the mortgage market and can provide what is required to enable the business to thrive and grow. I believe that under Paragon's ownership Mortgage Trust will flourish, and I wish them and the staff every success for the future."
John Heron, Paragon Group's Director of Mortgages, said: "Tony and his team have built a high quality business and we are delighted to have completed the acquisition. We wish Tony all the best for the future."
