As Loan Market Group (LMG) celebrates 30 years in business, the company has announced plans to support the company’s next phase of growth, highlighting a strategic move to clarify the distinction between its two business models: Loan Market as a brokerage and LMG as an aggregator.
“Over the last three decades, we’ve grown and evolved significantly. Now, as we look ahead, it’s clear that having distinct strategies and leadership for both Loan Market and LMG is essential to support brokers and drive further innovation,” said Sam White, Executive Chairman of LMG.
To achieve this, LMG will be appointing separate CEOs for each business, with Mr White continuing in his role as Executive Chairman of the group.
Following a comprehensive internal selection process, David McQueen, currently Group Executive, Risk & Strategic Partnerships, has been appointed CEO of Loan Market. With over 20 years of leadership experience, Mr McQueen has played a pivotal role since joining LMG in 2019, leading initiatives like ‘Compliance by Design’ and strengthening lender relationships.
“David’s deep understanding of the broker landscape, combined with his strategic vision, makes him the ideal choice to lead the next chapter of Loan Market,” said Mr White. Mr McQueen will step up to his new role in October.
Mr McQueen said he’s excited to take on the role of CEO at Loan Market.
“Since joining in 2019, I’ve been driven by the unique culture at Loan Market - it’s what truly sets us apart.
“My 15 years in leadership across credit distribution, product development, and customer experience, have always been about one thing: supporting brokers.
“As CEO, I’ll focus on listening to what brokers need, delivering on our promises and championing the industry so brokers can continue to thrive.
“Everything we do, like we have done, is about supporting our brokers and preserving the close-knit, family culture that makes Loan Market special.”
The company is also in the process of appointing a CEO for LMG, during which Rob Thomas will continue as National Director for Member.
Andrew Thompson, who has been instrumental in driving growth for Loan Market and LMG Partner, will be starting his own Loan Market brokerage.
Mr Thompson said he’s loved his time in the Loan Market and LMG corporate team, working alongside so many talented brokers and helping the business grow.
“After almost 20 years in the industry, I’m excited to take everything I’ve learned and apply it to my own business,” he said.
“Joining my wife, Stephanie, in our Loan Market business is an opportunity I couldn’t pass up. I can’t wait to build something special together and continue working within this amazing network.”
Mr White said these leadership changes reflect LMG’s commitment to providing brokers with strong, dedicated support while ensuring we have the right structure in place to continue to deliver value to our brokers.
“We’re focused as ever on the promises we make to brokers; save you time, keep you safe, diversify your revenue, find and keep clients and grow your business.”
LMG
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Oct 02
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2 min read
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