The Equity Release Council (ERC) has appointed Tracy Gorbutt-Powell (pictured) as its new head of risk, policy and compliance.
Gorbutt-Powell will report to Kelly Melville-Kelly, deputy CEO and director of risk, policy and compliance, and work with Laura Gibson, head of membership and engagement, and Tom Brett, head of commercial and business development.
The Council said Gorbutt-Powell’s appointment will help strengthen governance, oversight and policy as it expands its remit across the later life lending market.
She has over 20 years’ experience in financial services, including roles at RBS Group, NatWest, HSBC and Lloyds, as well as in the intermediary sector with broker networks such as Mortgage Advice Bureau and HL Partnership.
She has worked across both first and second line of defence compliance functions, focusing on customer outcomes and risk management.
Gorbutt-Powell said: “The later life lending market is evolving rapidly, and strong governance and clear standards are vital to its sustainable growth.
“I look forward to working with the team and our members to support positive outcomes for consumers and ensure the market continues to develop responsibly.”
Melville-Kelly said: “Tracy brings a wealth of knowledge across risk, policy and compliance, alongside a clear commitment to positive customer outcomes.
“As we expand our remit across later life lending, her expertise will be key navigating an increasingly complex regulatory landscape while maintaining the standards our members and consumers expect.”
Jim Boyd, CEO at the Equity Release Council, said: “Tracy’s extensive experience across lender and intermediary markets, combined with her compliance expertise, will strengthen our governance and support the next phase of our growth.
“Tracy’s appointment ensures we continue to uphold the high standards and protections that define our market.”
