Mortgage Brain appoints Bilgrami as CEO

Mortgage Brain has named Zahid Bilgrami as its new chief executive officer. He will be succeeding Mark Lofthouse, Mortgage Brain’s current CEO, who is retiring this year after 19 years in the role.

Previously, Bilgrami was chief executive officer at Defaqto, a financial information business. He was with the company for more than 11 years, joining as chief operating officer. He also led the company’s integration within the SimplyBiz Group.

He is also a non-executive chairman at Comparison Creator. Bilgrami was also with Balfour Beatty for 7 years, joining as a business transformation director and then serving on the corporate development team.

He was also a senior manager at Arthur Andersen Business Consulting.

Peter Hill, chairman of Mortgage Brain, commented:

“I’m really pleased to welcome Zahid to Mortgage Brain. He brings a wealth of experience and knowledge to the business as a well-respected CEO with a proven track record. Zahid joins at an exciting time for Mortgage Brain where over the past year we have transformed the market through delivering more new technology and with still more to come.”

Bilgrami said:

“I am delighted to take on the helm of Mortgage Brain from Mark’s stewardship. The business is well placed to provide new innovative fintech solutions into the mortgage and adjacent markets. I will be joining a dynamic management team which is eager to deliver ground-breaking propositions for the benefit of our customers.”

Lofthouse added:

“I’m looking forward to welcoming Zahid to the Mortgage Brain Family and I know that under his leadership the Group will remain true to its core values and continue to lead the market through innovation and delivery. It has been a privilege to lead the Mortgage Brain family for almost two decades and retire in the knowledge that the business is in safe hands.”

Bilgrami is a graduate of the London Business School.