Digital mortgage broker Trussle appoints Ian Larkin as CEO

The UK’s first digital mortgage broker, Trussle, announced today the appointment of Ian Larkin as Chief Executive Officer.

Ian, who held senior roles at Lloyds, Virgin Money, McKinsey and Accenture, most recently served as CEO of Target Group. During his five years at Target Group, the business delivered significant growth using technology to improve productivity, risk management and customer experience.

Trussle was founded in 2015 with the aim of utilising technology to provide a faster, smarter and more transparent mortgage process, making home ownership more accessible to all. Trussle remains the highest-rated online mortgage broker, and over the last year, has helped almost 70% more customers to find a mortgage than the year before[1].

Trussle recently secured an additional £7.5m in funding – from new investor, Rabo Frontier Ventures, alongside existing investors, Goldman Sachs, Finch Capital and, Propel Venture Partners – which has enabled the company to continue investing in its technology to better improve the customer experience.

Ian Larkin, Trussle’s new CEO, commented: “The home ownership journey is one of the most stressful experiences that consumers face, yet not enough has been done to simplify the process for both homeowners and lenders. There’s a tremendous opportunity to leverage technology to transform home financing and mortgage distribution, making the market work better for homeowners and lenders.

The Trussle team has done a great job so far, and our excellent group of investors are committed to the strategic opportunity that lies ahead. Trussle is really well positioned to lead the transformation of the mortgage industry.”

Simon Williams, Trussle’s chairman, said: “We are thrilled to have someone of Ian’s calibre leading the business. Ian’s vast experience in retail and commercial financial services, and his expertise in growing businesses and enhancing customer propositions will be an important part of our success. We are at a pivotal stage of Trussle’s journey and look forward to working closely with Ian to build on our vision of making home ownership more accessible to everyone.”

[1] As per Trussle’s submission data from Feb 2019 to Jan 2020 compared to Feb 2018 to Jan 2019.

Author: Eleanor Hazelton

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