Close Brothers introduces new head of business development

Senior addition spent over at decade managing product distribution at NIG

Close Brothers introduces new head of business development

Insurance News

By Kenneth Araullo

Close Brothers Premium Finance (CBPF) has announced the appointment of Christian McIntosh (pictured) as its new head of business development.

McIntosh joins CBPF from NIG Insurance, where he worked for over a decade managing product distribution and broker relationships. According to his LinkedIn, he also served as president of the Insurance Institute of Shropshire & Mid-Wales for the Chartered Insurance Institute (CII) and as business development manager for Keychoice. He started his career in insurance at Folgate in 2003, followed by six years in several sales positions at Towergate.

In his new role, McIntosh will report to sales director Colin Wallace, focusing on growing the financier’s footprint among the top 50 personal and commercial lines brokers in the UK.

“Christian is an experienced operator with a deep understanding of the challenges faced by brokers in an intensely competitive market,” Wallace said. “This is a critical time for the industry – and broking in particular – as we approach the bell for the implementation of the new Consumer Duty at the end of July. CBPF has worked extremely hard to help brokers prepare for the changes, and Christian’s role in deepening our work with our partners will be key as we all get used to the new regime.”

The lender’s parent company Close Brothers reported a strong performance in Q3 of its fiscal year, highlighted by 2% growth, to £9.2 billion, of its loan book, or 3.9% if business units in run-down are stripped out, and net interest margins remaining stable at 7.8%.

What are your thoughts on this story? Please feel free to share your comments below.

Related Stories

Keep up with the latest news and events

Join our mailing list, it’s free!