REG - Mortgage Adv. Bureau - Board Changes

Mortgage Advice Bureau (Holdings)Announcement

19/06/2025 07:00

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RNS Number : 4775N  Mortgage Advice Bureau (Hldgs) PLC  19 June 2025

19 June 2025

Mortgage Advice Bureau (Holdings) plc

("MAB" or the "Group")

 

Board Changes

 

Mortgage Advice Bureau (Holdings) plc (AIM: MAB1.L), a leading
technology-driven UK mortgage network and broker, announces the following
directorate appointments and executive changes:

 

Ben Thompson, Deputy CEO, to transition to a new strategic role

Ben Thompson, Deputy CEO, will transition into a newly created strategic role,
focusing on building new value by optimising MAB's mortgage opportunity and
broadening and strengthening its customer proposition. Ben will step down from
his current role and leave the Board at the end of this year.

 

Over the past seven years, Ben has been a key member of the Board, playing an
instrumental role in the Group's development and success. His leadership and
deep market expertise have earned the trust of colleagues, partners and
investors alike, and the Board is delighted that he will be steering this
exciting part of MAB's future development.

 

Chief Operating Officer appointment

MAB has appointed Yaiza Luengo as Chief Operating Officer and member of the
Executive Committee, with effect from 8 September 2025. She is expected to
join the Board when Ben Thompson steps down at the end of this year, subject
to all necessary approvals. Yaiza brings over 20 years of international
experience in financial services, with a strong track record in driving
large-scale transformation, revenue leadership and operational restructuring
in regulated environments. She has led technology-enabled change across cloud
and data architecture, Artificial Intelligence (AI), digital customer
experience and enterprise platforms. Her career includes senior executive
roles at RBS, Barclays, HSBC, Refinitiv (now part of LSEG), and WiZink Bank.

 

Non-Executive Director appointments

MAB is pleased to announce the following appointments with immediate effect:

·    Mandy Donald as Independent Non-Executive Director. Mandy will Chair
the Audit Committee and serve on the Remuneration, Nomination and Group Risk
Committees.

·    Dr Orlando Machado as Independent Non-Executive Director. Orlando
will serve on the Remuneration, Audit, Nomination and Group Risk Committees.

 

Mandy brings extensive experience across both complex organisations and
early-stage ventures, with a background in strategy as well as financial and
risk management. A Chartered Accountant, Mandy currently serves as
Non-Executive Director and Chair of Audit & Risk Committees at several
companies in the professional services and financial services sectors.  Her
previous executive career includes 18 years at EY.

 

Orlando is a leading data scientist and AI expert with 30 years' experience
turning data into commercial advantage for global enterprises. Formerly Chief
Data Officer at the LEGO Group, Head of UK Data Science and Analytics at
Tesco's dunnhumby, and Chief Data Scientist at both MoneySuperMarket and
Aviva, he now serves as a Non-Executive Director at the University of
Cambridge and adviser to Electrify Video Partners. He previously sat on the
Board of Neos, a security technology company acquired by Sky in 2021. Orlando
holds a PhD in Statistics from the University of Warwick and was awarded
DataIQ's 2023 Professor Derek Holder Lifetime Achievement Award.

 

Both appointments are subject to all necessary approvals.

 

Other changes to Non-Executive Director roles

Also, with effect from 18 June 2025:

·    Rachel Haworth will become Senior Independent Non-Executive Director,
subject to all necessary approvals, in addition to her current role as Chair
of the Remuneration Committee.

·    Nathan Imlach, previously Senior Independent Non-Executive Director
and Chair of the Audit Committee, will step down as a member of the Audit,
Remuneration, Nomination and Group Risk Committees and remain on the Board as
a non-independent Non-Executive Director.

 

Mike Jones, Non-Executive Chair, said:

"These Board changes are a natural evolution of MAB. The appointment of Yaiza
as Chief Operating Officer, a newly created role, is central to delivering on
the ambitions outlined by our Executive Team at our Capital Markets Day
earlier this year. Yaiza's considerable operational experience, and technology
background will provide important leadership as we deliver on our medium-term
growth targets. We look forward to welcoming her to the Board at the end of
the year.

 

Since joining the Group in 2018, Ben has been a key member of the team that
has delivered significant revenue and market share growth at MAB, and although
he has chosen to step down from the Board due to personal circumstances, I am
delighted that his major contribution to the business will continue in his new
strategic role.

 

I am also very pleased to welcome Mandy and Orlando to the Board. Mandy
combines deep financial services expertise and significant Board experience in
scaling businesses. Orlando brings data science and AI expertise at Board
level, both of which are at the forefront of MAB's strategic decision making.
These appointments will benefit the Board and wider organisation greatly.

 

Finally, I would like to thank Nathan for his enormous contribution to the
Board as Senior Independent Director since our IPO in 2014. His depth of
experience and strategic insight remain a valuable asset to the Board, and we
look forward to his continued involvement and guidance. Rachel has made a
valuable contribution to the Board since joining in May last year, and we are
pleased to welcome her to her new role as Senior Independent Non-Executive
Director."

 

 

Regulatory disclosures

The following information is provided in accordance with AIM Rule 17 and
Schedule Two (g) of the AIM Rules for Companies:

 

Mandy Donald, aged 52 years, currently holds or has held the following
directorships and partnerships in the last five years:

 

Current Directorships/Partnerships

 

Liontrust Asset Management plc - Non-Executive Director and Chair of Audit and
Risk committee

 

Begbies Traynor Group plc - Non-Executive Director and Chair of Audit
committee

 

JP Morgan US Smaller Companies Investment Trust plc - Non-Executive Director
and Chair of Audit committee

 

Gowling WLG LLP - Non-Executive Director

 

Punter Southall Group Limited - Non-Executive Director & Chair of the
Audit and Risk Committee

 

Past Directorships/Partnerships in the last 5 years

 

Institute of Cancer Research - Trustee & Audit Committee Chair

 

Dr Orlando Antonio Machado, aged 53 years, currently holds or has held the
following directorships and partnerships in the last five years:

 

Current Directorships/Partnerships

 

Oxford Cambridge and RSA Examinations - Director

 

Past Directorships/Partnerships in the last 5 years

 

NEOS Ventures Ltd - Director

 

Save for the information above, MAB is aware of no further disclosures
required under these provisions in respect of the appointments of Mandy Donald
and Dr Orlando Machado.

 

 

Enquiries:

 Mortgage Advice Bureau (Holdings) plc             Via Camarco

 Peter Brodnicki, Chief Executive Officer

 Emilie McCarthy, Chief Financial Officer
 Nominated Adviser and Joint Broker

 Keefe, Bruyette & Woods, a Stifel Company           +44 (0) 20 7710 7600

 Erik Anderson / Nick Harland / Francis North

 Joint Broker

 Berenberg                                         +44 (0) 20 3207 7800

 James Felix / Michael Burke / Dan Gee-Summons

 Joint Broker

 Peel Hunt LLP                                     +44 (0) 20 7418 8900

 Andrew Buchanan / Oliver Jackson / Rob Parker

 Media Enquiries

 Camarco                                           mab@camarco.co.uk

 Tom Huddart / Louise Dolan / Letaba Rimell

 Investor Relations                                Investor.relations@mab.org.uk

 

About MAB:

MAB is one of the UK's leading consumer intermediary brands and specialist
networks for mortgage advisers.

Through its partner firms known as Appointed Representatives (ARs), MAB has
approximately 2,000 advisers providing expert advice to customers on a range
of mortgage, specialist lending, protection, and general insurance products.
MAB supports its AR firms with proprietary technology and services, including
adviser recruitment and lead generation, learning and development, compliance
auditing and supervision, and digital marketing and website solutions.

For more information, visit www.mortgageadvicebureau.com
(https://nam02.safelinks.protection.outlook.com/?url=https%3A%2F%2Furldefense.proofpoint.com%2Fv2%2Furl%3Fu%3Dhttp-3A__www.mortgageadvicebureau.com_%26d%3DDwMF-g%26c%3DeuGZstcaTDllvimEN8b7jXrwqOf-v5A_CdpgnVfiiMM%26r%3DNj006SAhpfJGzqX7TkdnFCOXt8K8HLR6t-m0tfk0sKk%26m%3DgFRfhF8o351YluA18Bjv7ycyKw7h2VVplazDY2IEW0sQ8C0AaYe1Qup_V9gmZQNd%26s%3DKfp85WcIcWHD48Cv6_MtN85WTzPhbcPhgoql1Us5h60%26e%3D&data=05%7C02%7CLetaba.Rimell%40camarco.co.uk%7C49fa9aa74f034fc9a49108dcfff2bf39%7C77a5f6209d7747dba0cd64c70948d532%7C1%7C0%7C638666665356187099%7CUnknown%7CTWFpbGZsb3d8eyJFbXB0eU1hcGkiOnRydWUsIlYiOiIwLjAuMDAwMCIsIlAiOiJXaW4zMiIsIkFOIjoiTWFpbCIsIldUIjoyfQ%3D%3D%7C0%7C%7C%7C&sdata=OvOcJHyFYzHfR6M9dFsyhwxgXQbIjrac6cGpXoERDmo%3D&reserved=0)

 

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