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Malone exits Positive Lending

Positive Lending non-executive chairman John Malone has left his role with the specialist packager and master-broker.

Industry stalwart Malone had been with Bournemouth-based Positive Lending having taken up the role back in June 2016.

Paul McGonigle, managing director at Positive; said: “Having John Malone as our non-exec Chairman for a year has been a huge benefit to us as a company. As well as his financial services knowledge, John is extremely well connected and has kindly opened many doors for Positive.

“John has enabled us to forge relationships that will continue to support our business growth into the future. John’s understanding of the market and his appreciation of regulatory compliance has helped us towards achieving our long term strategic goals.

“More than this, John is a great guy to work with and I speak on behalf of the entire team when I say we have enjoyed working alongside him this past year. We wish John well for the future – he will always remain an honorary member of the Positive team!”

Malone added: “I have very much enjoyed my year on the board of Positive Lending. During this year the market has changed significantly with the Mortgage Credit Directive and I am pleased that I have been able to help guide them through the new regulatory landscape. I have been impressed with the considered approach taken by Paul and his team to compliance, relationship building and the use of technology. I wish Positive well for the future and I am sure they will continue to grow and prosper.”

Malone is also chairman of Front Events, which organises the Financial Services Expo, having left PMS at the end of 2013.

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