Equity Release Council promotes Kelly Melville-Kelly to deputy chief executive following restructure
The Equity Release Council has promoted Kelly Melville-Kelly to deputy chief executive as part of a senior management restructure designed to support its expanded remit across later life lending.
Equity Release Council has promoted Kelly Melville-Kelly to the newly created role of deputy chief executive, with immediate effect, as part of a wider organisational restructure.
Melville-Kelly will report to Jim Boyd, chief executive of the Council, while continuing in her existing role as director of risk, policy and compliance.
As part of the changes, Laura Gibson has been appointed head of membership and engagement, while Tom Brett has been promoted to head of commercial and business development. Both roles will report into Melville-Kelly.
The Council also confirmed it is in the process of recruiting a new head of risk, policy and compliance, with the aim of further strengthening governance and oversight as the organisation evolves.
The restructure follows an extraordinary general meeting held in December, where members approved a special resolution to broaden the Council’s remit to cover all forms of later life lending within the regulated mortgage environment, while retaining equity release as a core and protected focus.
Boyd said: “The Council continues to lead a consumer focussed equity release market based on high standards and protections with which our members agree to adhere.
“The restructure and these promotions are designed to support the Council and streamline our operations, to best respond to the opportunities arising from the fast-changing later life lending market – and help protect and promote the interests of our members.
“While we are evolving, the Council stays agile, still punches above its weight, and remains synonymous with high standards and good consumer outcomes.”
Melville-Kelly added: “I am honoured to be taking on the role of deputy chief executive at the Council.
“This restructure comes at a pivotal time as we broaden our remit to encompass all forms of regulated later life lending, while continuing to champion the high standards and consumer protections that define equity release.
“It’s a very exciting new chapter for the Council and I look forward to supporting Jim and working closely with our talented team, to seize the opportunities in this evolving market.
“Together, we will ensure the Council remains agile, nimble, flexible and influential, delivering strong outcomes for our members and, most importantly, for consumers navigating their later life financial options.”
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