Mortgage Brain has announced the appointment of Zahid Bilgrami as the group’s new CEO.

Bilgrami is expected to join the mortgage technology expert in April, following 11 years as chief executive at Defaqto.

A qualified Chartered Accountant, Bilgrami has also held roles as senior manager in Andersen’s Business Consulting division, and at Balfour Beatty where he helped the board to shape group strategy, also leading and managing acquisitions.

He commented: “The business is well placed to provide new innovative fintech solutions into the mortgage and adjacent markets. I will be joining a dynamic management team which is eager to deliver ground-breaking propositions for the benefit of our customers.”

The group’s outgoing CEO, Mark Lofthouse, said: “I’m looking forward to welcoming Zahid to the Mortgage Brain family and I know that under his leadership the group will remain true to its core values and continue to lead the market through innovation and delivery. It has been a privilege to lead the Mortgage Brain family for almost two decades and retire in the knowledge that the business is in safe hands.”

Chairman, Peter Hill, added: “I’m really pleased to welcome Zahid to Mortgage Brain. He brings a wealth of experience and knowledge to the business as a well respected CEO with a proven track record.

“Zahid joins at an exciting time for Mortgage Brain where over the past year we have transformed the market through delivering more new technology and with still more to come.”

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