The Scottish Provident brand name has also been confirmed as safe following a review, however Abbey has moved its press office from Scotland to London.
Steve Atkins, head of TMA, said: “Obviously we are very pleased that things are to remain the same in our part of the business. We can now concentrate on continuing our growth strategy.”
Bill Warren, director of The Complete Network, commented: “Ambrose leaving means the business will be losing someone with huge mortgage intermediary experience, while this is concerning it is a fact that change is an ever-present factor in the current market.
“I also note that the new head [Tim Murley] has had no direct experience of the mortgage intermediary market.”
Warren said he was pleased there were to be no changes at TMA. “Brokers like consistency and TMA have been working hard at building a good positive proposition.”
Ambrose McGinn said “I have had a long and fascinating career with Abbey but the time feels right for a change.”
Tim Murley, managing director, intermediary and specialist banking at Abbey, said: “[Abbey for Intermediaries] is a great part of Abbey’s business, and one where we have the potential to develop much further.
“This year, intermediaries will see we are really serious about improving further the service we give them and the range of packages we offer.”
