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CML appoints Paul Smee as new Director General

CML APPOINTS PAUL SMEE AS NEW DIRECTOR GENERAL

The Council of Mortgage Lenders today announces the appointment of Paul Smee as its incoming director general. He will take up the appointment on 1 August.

Paul Smee is well known and highly regarded in the financial services trade body sector, having until earlier this year been chief executive of the Payments Council and, prior to that, the founding director general of the Association of Independent Financial Advisers. He also previously worked for the Independent Television Commission, the Association of British Insurers, the London Stock Exchange and the then Department of Trade and Industry.

CML chairman Colin Walsh commented:

“I am delighted to confirm the appointment of Paul Smee as CML director general. He brings with him a wealth of experience, and a successful track record in delivering for trade bodies and their members. I am sure that with Paul at the helm, the CML will continue to show strong, effective industry leadership.

“Let me also pay tribute to Michael Coogan, who has steered the CML so capably since 1997, and who will undoubtedly be a hard act to follow.”

Paul Smee added:

“I will be seeking to build on the strong reputation that the CML has built up over many years on behalf of its members, in this vital part of the UK economy. I am looking forward to taking up so important a role at such a crucial time.”

Michael Coogan’s last working day as CML director general will be 29 July.


NOTES TO EDITORS

1. The Council of Mortgage Lenders' members are banks, building societies and other lenders who together undertake around 94% of all residential mortgage lending in the UK. There are 11.3 million mortgages in the UK, with loans worth over £1.2 trillion.

2. A photograph of Paul Smee is attached.


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