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05 Mar, 2008

Tanya Powley - 04-Mar-2008

Kensington has appointed a new head to replace former chief executive Alison Hutchinson who is set to leave in April.
Director of sales Keith Street will become the new head of Kensington.

Kensington says the role will have direct responsibility for sales, marketing, new business operations, underwriting, customer management and IT.

Other elements of the business, such as treasury, legal and compliance, HR and finance, are being integrated within parent company Investec to harness the joint capabilities of the two firms.

Charles Morley will continue as head of sales at Kensington, taking on primary responsibility for key account and other intermediary relationships.

Street says: "I'm delighted to be appointed the new Head of Kensington. The market is going through some tough times at the moment, but we are lucky enough to have a great team of people and the full support of Investec. We have also taken steps to develop products, introduce a case booking system and launch a distribution panel to adapt to the current environment. So you can be sure that when conditions do improve, Kensington will be right there at the forefront of the specialist mortgage market."

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