Digital mortgage broker Trussle appoints Ian Larkin as CEO
Larkin, a long-established figure in the industry, brings a significant track record in financial services leadership
London, 3rd March 2020: 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.”
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Notes to editors
For further information, please contact:
Katie Halfhead at Trussle: [email protected] / 020 3884 0368
Rupert Bhatia or Jess Riley at Teamspirit for Trussle: [email protected] / 020 7861 3827
We’ve taken extra care to ensure the information provided within this release is presented in a way that’s compliant with regulatory requirements. If you have any questions about how to repurpose this information or require any further assistance, please contact Katie Halfhead at Trussle.
1 As per Trussle’s submission data from Feb 2019 to Jan 2020 compared to Feb 2018 to Jan 2019.
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In September 2016 Trussle launched an industry-first partnership with online property portal Zoopla, making it possible to find and buy a home in one seamless experience. Trussle is backed by some of Europe's leading technology investors including Orange Growth Capital, LocalGlobe, Ed Wray (founder of Betfair), Ian Hogarth (founder of Songkick), Seedcamp, and Zoopla Property Group.
Trussle is a trading style of Trussle Lab Ltd, which is an appointed representative of Mortgage Advice Bureau Limited and Mortgage Advice Bureau (Derby) Limited which are authorised and regulated by the Financial Conduct Authority.
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