British hybrid real estate company PurpleBricks has appointed Helen Martin as director of risk and compliance.

Martin (LinkedIn profile) joins from LSL Property Services where she was most recently risk and governance director for LSL’s estate agency division. She was responsible for the development of compliance policy for LSL’s mortgage and insurance business. Martin spent eight years at Personal Touch Financial Services as chief governance officer between 2006 and 2014.

In her new role Martin will report to PurpleBricks CFO Steve Long and be responsible for oversight of risk management and compliance. She will also focus on strengthening processes and procedures across PurpleBricks.

It is an important new appointment for PurpleBricks as they aim to turn the corner and improve the performance of the business with the appointment in April of new CEO Helena Marston. The company has faced legal problems stemming from how the firm managed tenants deposits for its lettings business.

“This newly created role is an essential part of our plans to continue to raise standards and ensure the highest levels of risk management, particularly as we look to build additional revenue streams, beginning with the launch of our new mortgage offer by the end of the financial year,” said PurpleBricks CEO Helena Marston.

The company is also being investigated by PropertyMark about potential tenancy law breaches. This appointment aims to address the regulatory failings and other issues that caused these problems and ensure they are not replicated.

“This is an exciting opportunity to join an ambitious team who have made it clear to me that they recognise the importance of an effective risk management framework and compliance culture,” said Martin.

Print Friendly, PDF & Email

Related Articles